Kodal Minerals (LON:KOD) Reaches New 1-Year Low – What’s Next?

Kodal Minerals PLC (LON:KOD)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.26 ($0.00) and last traded at GBX 0.34 ($0.00), with a volume of 627429250 shares changing hands. The stock had previously closed at GBX 0.39 ($0.01).

Wall Street Analysts Forecast Growth

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 report on Thursday, September 26th.

Kodal Minerals Stock Performance

The company’s 50-day moving average price is GBX 0.45 and its 200 day moving average price is GBX 0.50. The company has a debt-to-equity ratio of 6.01, a quick ratio of 2.59 and a current ratio of 142.38.

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.