Kodal Minerals (LON:KOD) Given Speculative Buy Rating at Canaccord Genuity Group

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating restated by equities researchers at Canaccord Genuity Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 1.20 target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 324.03% from the stock’s current price.

Kodal Minerals Trading Up 1.1%

Shares of LON:KOD traded up GBX 0 during trading on Wednesday, reaching GBX 0.28. 50,323,508 shares of the stock were exchanged, compared to its average volume of 49,436,793. Kodal Minerals has a 12 month low of GBX 0.22 and a 12 month high of GBX 0.62. The stock has a 50-day moving average price of GBX 0.28 and a 200-day moving average price of GBX 0.30. The firm has a market cap of £57.66 million, a PE ratio of -5.79 and a beta of 0.18.

Kodal Minerals (LON:KOD) last released its quarterly earnings results on Wednesday, September 30th. The company reported GBX 0.02 earnings per share for the quarter.

About Kodal Minerals

Kodal Minerals plc, the AIM-quoted West African lithium explorer, developer and producer, is the co-developer of its flagship Bougouni Lithium Project in Southern Mali alongside joint venture partner Hainan Mining, a subsidiary of Hong Kong-listed Fosun International.

The Bougouni Lithium Project covers 350km² in the world-class Birimian terrain of West Africa, located approximately 180km south of Mali’s capital Bamako. The Stage 1 Dense Media Separation (‘DMS’) processing plant, which achieved first spodumene concentrate production in February 2025, has a target output of 125ktpa Li₂O spodumene concentrate.