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

Kodal Minerals logo with Basic Materials background

Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0.49 ($0.01) and traded as low as GBX 0.28 ($0.00). Kodal Minerals shares last traded at GBX 0.32 ($0.00), with a volume of 137,675,361 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 1.45 ($0.02) price target on shares of Kodal Minerals in a research note on Thursday, September 26th.

Check Out Our Latest Report on KOD

Kodal Minerals Stock Down 1.6 %

The stock's 50 day simple moving average is GBX 0.43 and its two-hundred day simple moving average is GBX 0.49. The company has a current ratio of 142.38, a quick ratio of 2.59 and a debt-to-equity ratio of 6.01.

About Kodal Minerals

(Get Free Report)

Kodal Minerals PLC, together with its subsidiaries, engages in the exploration and evaluation of mineral resources in the United Kingdom and West Africa. The company explores for lithium and gold deposits. Its flagship project is the Bougouni Lithium project located in Mali. Kodal Minerals PLC was incorporated in 2010 and is based in London, the United Kingdom.

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