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Kodal Minerals (LON:KOD) Shares Cross Above Fifty Day Moving Average - Here's Why

Kodal Minerals logo with Basic Materials background

Kodal Minerals PLC (LON:KOD - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 0.40 ($0.01) and traded as high as GBX 0.40 ($0.01). Kodal Minerals shares last traded at GBX 0.40 ($0.01), with a volume of 36,989,945 shares traded.

Wall Street Analysts Forecast Growth

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 report on Tuesday, February 11th.

Read Our Latest Report on KOD

Kodal Minerals Stock Performance

The firm has a market capitalization of £74.21 million, a price-to-earnings ratio of 2,828.59 and a beta of 0.51. The business has a fifty day moving average price of GBX 0.40 and a 200 day moving average price of GBX 0.42.

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) 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.

Further Reading

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