Kodal Minerals (LON:KOD) Shares Down 9.9% – Here’s Why

Kodal Minerals PLC (LON:KOD) dropped 9.9% on Tuesday . The stock traded as low as GBX 0.32 ($0.00) and last traded at GBX 0.32 ($0.00). Approximately 49,593,543 shares changed hands during trading, a decline of 19% from the average daily volume of 61,512,512 shares. The stock had previously closed at GBX 0.36 ($0.00).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 1.45 ($0.02) price target on shares of Kodal Minerals in a report on Thursday, September 26th.

Kodal Minerals Trading Down 0.6 %

The company has a debt-to-equity ratio of 6.01, a current ratio of 142.38 and a quick ratio of 2.59. The stock’s 50-day moving average is GBX 0.42 and its 200 day moving average is GBX 0.49.

About Kodal Minerals

Kodal Minerals PLC, together with its subsidiaries, engages in the exploration and evaluation of mineral resources in the United Kingdom and West Africa. The company explores for lithium and gold deposits. Its flagship project is the Bougouni Lithium project located in Mali. Kodal Minerals PLC was incorporated in 2010 and is based in London, the United Kingdom.