Kodal Minerals (LON:KOD) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Kodal Minerals PLC (LON:KODGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.35 and traded as low as GBX 0.29. Kodal Minerals shares last traded at GBX 0.30, with a volume of 15,692,625 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 1.20 price objective on shares of Kodal Minerals in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 1.20.

Read Our Latest Report on KOD

Kodal Minerals Stock Performance

The company’s 50-day moving average price is GBX 0.32 and its 200 day moving average price is GBX 0.35. The stock has a market capitalization of £60.51 million, a P/E ratio of -6.07 and a beta of 0.27.

About Kodal Minerals

(Get Free Report)

Kodal Minerals was established and listed on London’s AIM market in 2013, acquiring its flagship asset, Bougouni Lithium Project, in 2016. Kodal Minerals is aiming to be the first West African producer of lithium spodumene and become a significant player in critical minerals production to help drive the global green energy transition.

The Bougouni Lithium Project is located in Southern Mali, 170km south of the capital Bamako in the highly prospective and attractive destination for lithium exploration and development.

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