Kodal Minerals (LON:KOD) Trading Up 2.5% – Here’s Why

Kodal Minerals PLC (LON:KOD)’s stock price rose 2.5% during mid-day trading on Monday . The stock traded as high as GBX 0.36 ($0.00) and last traded at GBX 0.35 ($0.00). Approximately 43,408,146 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 59,129,266 shares. The stock had previously closed at GBX 0.35 ($0.00).

Analyst Ratings Changes

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

Kodal Minerals Stock Performance

The stock has a fifty day moving average of GBX 0.37 and a two-hundred day moving average of GBX 0.47. The company has a current ratio of 142.38, a quick ratio of 2.59 and a debt-to-equity ratio of 6.01.

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.