Kodal Minerals (LON:KOD) Shares Up 2.5% – Still a Buy?

Kodal Minerals PLC (LON:KOD)’s share price traded up 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). 43,408,146 shares changed hands during trading, a decline of 27% from the average session volume of 59,129,266 shares. The stock had previously closed at GBX 0.35 ($0.00).

Analysts Set New Price Targets

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

Kodal Minerals Trading Up 2.5 %

The company has a debt-to-equity ratio of 6.01, a current ratio of 142.38 and a quick ratio of 2.59. The business’s fifty day moving average price is GBX 0.38 and its two-hundred day moving average price is GBX 0.48.

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.