Kodal Minerals (LON:KOD) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.40 ($0.01) and traded as low as GBX 0.36 ($0.00). Kodal Minerals shares last traded at GBX 0.38 ($0.00), with a volume of 14,064,783 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 1 ($0.01) price objective on shares of Kodal Minerals in a report on Tuesday, February 11th.

Kodal Minerals Trading Up 5.3 %

The firm has a market cap of £80.67 million, a price-to-earnings ratio of 3,074.56 and a beta of 0.51. The firm's 50 day simple moving average is GBX 0.39 and its two-hundred day simple moving average is GBX 0.40.

Kodal Minerals (LON:KOD - Get Free Report) last issued its quarterly earnings results on Monday, December 23rd. The company reported GBX (0.01) ($0.00) earnings per share (EPS) for the quarter.

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.