Kodal Minerals (LON:KOD) Trading 12.3% Higher – Time to Buy?

Kodal Minerals PLC (LON:KODGet Free Report) was up 12.3% on Monday . The stock traded as high as GBX 0.33 ($0.00) and last traded at GBX 0.32 ($0.00). Approximately 115,028,133 shares traded hands during trading, an increase of 110% from the average daily volume of 54,869,902 shares. The stock had previously closed at GBX 0.29 ($0.00).

Kodal Minerals Stock Up 12.3%

The company has a market capitalization of £64.90 million, a P/E ratio of -5.87 and a beta of 0.51. The company has a 50 day simple moving average of GBX 0.32 and a two-hundred day simple moving average of GBX 0.32.

Kodal Minerals (LON:KODGet Free Report) last released its earnings results on Friday, August 29th. The company reported GBX (5.45) EPS for the quarter.

Kodal Minerals Company Profile

(Get Free Report)

Kodal Minerals was established and listed on London’s AIM market in 2013, acquiring its flagship asset, Bougouni Lithium Project, in 2016. Kodal Minerals is aiming to be the first West African producer of lithium spodumene and become a significant player in critical minerals production to help drive the global green energy transition.

The Bougouni Lithium Project is located in Southern Mali, 170km south of the capital Bamako in the highly prospective and attractive destination for lithium exploration and development.

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