Kodal Minerals (LON:KOD) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Kodal Minerals PLC (LON:KOD)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 1 ($0.01) target price on shares of Kodal Minerals in a research note on Tuesday, February 11th.

Kodal Minerals Price Performance

The company has a market cap of £80.67 million, a P/E ratio of 3,074.56 and a beta of 0.51. The stock has a fifty day moving average price of GBX 0.39 and a two-hundred day moving average price of GBX 0.40.

Kodal Minerals (LON:KOD) last posted its quarterly earnings data on Monday, December 23rd. The company reported GBX (0.01) ($0.00) 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.