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

Kodal Minerals PLC (LON:KOD) was up 2.5% during 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 changed 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).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated 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 company has a debt-to-equity ratio of 6.01, a quick ratio of 2.59 and a current ratio of 142.38. The stock’s fifty day moving average is GBX 0.37 and its two-hundred day moving average is GBX 0.47.

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.