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Kodal Minerals (LON:KOD) Stock Price Passes Below 200 Day Moving Average - What's Next?

Kodal Minerals logo with Basic Materials background
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Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0.41 ($0.01) and traded as low as GBX 0.34 ($0.00). Kodal Minerals shares last traded at GBX 0.36 ($0.00), with a volume of 49,158,133 shares traded.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on KOD

Kodal Minerals Stock Performance

The company has a 50-day moving average of GBX 0.40 and a 200-day moving average of GBX 0.41. The stock has a market cap of £80.67 million, a price-to-earnings ratio of 3,074.56 and a beta of 0.51.

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

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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