Kodal Minerals (LON:KOD) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Kodal Minerals PLC (LON:KOD) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 0.30 and traded as low as GBX 0.28. Kodal Minerals shares last traded at GBX 0.29, with a volume of 49,938,176 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 0.70 price target on shares of Kodal Minerals in a report on Tuesday, October 13th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 0.70.

Kodal Minerals Stock Performance

The firm has a market cap of £56.23 million, a P/E ratio of -5.64 and a beta of 0.18. The business has a 50-day simple moving average of GBX 0.29 and a 200 day simple moving average of GBX 0.30.

Kodal Minerals (LON:KOD) last issued its quarterly earnings data on Wednesday, September 30th. The company reported GBX 0.02 earnings per share (EPS) for the quarter.

About Kodal Minerals

Kodal Minerals plc, the AIM-quoted West African lithium explorer, developer and producer, is the co-developer of its flagship Bougouni Lithium Project in Southern Mali alongside joint venture partner Hainan Mining, a subsidiary of Hong Kong-listed Fosun International.

The Bougouni Lithium Project covers 350km² in the world-class Birimian terrain of West Africa, located approximately 180km south of Mali’s capital Bamako. The Stage 1 Dense Media Separation (‘DMS’) processing plant, which achieved first spodumene concentrate production in February 2025, has a target output of 125ktpa Li?O spodumene concentrate.