Kodal Minerals (LON:KOD) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 0.36 ($0.00) and traded as high as GBX 0.42 ($0.01). Kodal Minerals shares last traded at GBX 0.40 ($0.00), with a volume of 34,543,164 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 1.45 ($0.02) price objective on shares of Kodal Minerals in a report on Thursday, September 26th.

Kodal Minerals Price Performance

The company has a 50 day simple moving average of GBX 0.36 and a 200-day simple moving average of GBX 0.45. The company has a debt-to-equity ratio of 6.01, a quick ratio of 2.59 and a current ratio of 142.38.

About Kodal Minerals

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.