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Kodal Minerals ( (GB:KOD) ) just unveiled an update.
Kodal Minerals has announced a change in its accounting reference date from 31 March to 31 December. This adjustment is made to align with the financial year-end of the Bougouni Lithium Project. The change will impact the company’s financial reporting schedule, with new dates set for the publication of interim and audited accounts. This strategic alignment is expected to streamline financial operations and enhance reporting consistency for stakeholders.
The most recent analyst rating on (GB:KOD) stock is a Buy with a £1.00 price target. To see the full list of analyst forecasts on Kodal Minerals stock, see the GB:KOD Stock Forecast page.
Spark’s Take on GB:KOD Stock
According to Spark, TipRanks’ AI Analyst, GB:KOD is a Neutral.
Kodal Minerals is at a transitional stage with a strong balance sheet and recent progress in lithium production. However, the lack of revenue and negative cash flows are primary concerns. The stock may be undervalued, presenting potential upside if operational improvements are realized. Corporate events positively impact the outlook, but technical indicators remain neutral to bearish.
To see Spark’s full report on GB:KOD stock, click here.
More about Kodal Minerals
Kodal Minerals Plc is a mineral exploration and development company focused on the mining sector. The company is involved in the Bougouni Lithium Project in southern Mali, where it holds a 49% shareholding.
Average Trading Volume: 56,907,503
Technical Sentiment Signal: Sell
Current Market Cap: £67.94M
Learn more about KOD stock on TipRanks’ Stock Analysis page.