Kodal Minerals (LON:KOD) Trading 9.8% Higher – Still a Buy?

Kodal Minerals PLC (LON:KOD)’s share price rose 9.8% on Wednesday . The company traded as high as GBX 0.45 ($0.01) and last traded at GBX 0.45 ($0.01). Approximately 39,709,023 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 58,279,367 shares. The stock had previously closed at GBX 0.41 ($0.01).

Analyst Upgrades and Downgrades

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

Kodal Minerals Price Performance

The company has a 50-day moving average of GBX 0.48 and a 200 day moving average of 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.