Kodal Minerals (LON:KOD) Shares Up 5.6% – Still a Buy?

Kodal Minerals PLC (LON:KOD)’s share price shot up 5.6% during trading on Friday . The stock traded as high as GBX 0.35 ($0.00) and last traded at GBX 0.34 ($0.00). 1,141,443 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 60,958,438 shares. The stock had previously closed at GBX 0.32 ($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 Price Performance

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 simple moving average is GBX 0.42 and its two-hundred day simple moving average is GBX 0.49.

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.