Kodal Minerals (LON:KOD) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Kodal Minerals PLC (LON:KOD) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

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.

Kodal Minerals Stock Down 0.6 %

The business’s 50 day moving average price is GBX 0.40 and its 200-day moving average price is GBX 0.41. The company has a market cap of £72.20 million, a PE ratio of 2,751.73 and a beta of 0.51.

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