Kodal Minerals PLC (LON:KOD – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 37,601,289 shares changing hands.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 1.20 target price on shares of Kodal Minerals in a report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 1.20.
Check Out Our Latest Report on Kodal Minerals
Kodal Minerals Trading Up 4.9%
Kodal Minerals Company Profile
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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