Kodal Minerals (LON:KOD) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0.39 ($0.01) and traded as low as GBX 0.35 ($0.00). Kodal Minerals shares last traded at GBX 0.37 ($0.00), with a volume of 86,105,188 shares changing hands.

Wall Street Analyst Weigh In

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

Kodal Minerals Trading Down 0.8 %

The company has a market cap of £77.04 million, a price-to-earnings ratio of 2,936.20 and a beta of 0.51. The company has a fifty day moving average price of GBX 0.38 and a two-hundred day moving average price of GBX 0.39.

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.