Canaccord Genuity Group Reiterates Speculative Buy Rating for Kodal Minerals (LON:KOD)

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reiterated by research analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 1 ($0.01) price objective on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 138.66% from the company’s previous close.

Kodal Minerals Trading Up 5.8 %

KOD opened at GBX 0.42 ($0.01) on Tuesday. The company has a current ratio of 142.38, a quick ratio of 2.59 and a debt-to-equity ratio of 6.01. The company’s 50-day moving average price is GBX 0.39 and its 200 day moving average price is GBX 0.43. Kodal Minerals has a fifty-two week low of GBX 0.26 ($0.00) and a fifty-two week high of GBX 0.68 ($0.01).

Kodal Minerals (LON:KOD) last released its quarterly earnings data on Monday, December 23rd. The company reported GBX (0.01) ($0.00) earnings per share (EPS) for the quarter.

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.