Kodal Minerals’ (KOD) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Kodal Minerals (LON:KOD) in a research note released on Friday, MarketBeat reports. They currently have a GBX 1.20 price target on the stock.

Kodal Minerals Stock Performance

LON:KOD opened at GBX 0.31 on Friday. The business’s fifty day moving average is GBX 0.30 and its 200 day moving average is GBX 0.35. The firm has a market cap of £63.16 million, a price-to-earnings ratio of -6.34 and a beta of 0.18. Kodal Minerals has a 52-week low of GBX 0.22 and a 52-week high of GBX 0.62.

About Kodal Minerals

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.