Kodal Minerals (LON:KOD) Trading Down 5.3% – Here’s Why

Kodal Minerals PLC (LON:KOD) shares were down 5.3% during mid-day trading on Wednesday . The stock traded as low as GBX 0.41 ($0.01) and last traded at GBX 0.43 ($0.01). Approximately 38,367,438 shares changed hands during trading, a decline of 34% from the average daily volume of 58,442,055 shares. The stock had previously closed at GBX 0.45 ($0.01).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed 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 Stock Performance

The stock’s 50 day simple moving average is GBX 0.49 and its two-hundred day simple moving average is GBX 0.50. The company has a quick ratio of 2.59, a current ratio of 142.38 and a debt-to-equity ratio of 6.01.

Kodal Minerals Company Profile

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.