Kodal Minerals (LON:KOD) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Kodal Minerals PLC (LON:KOD) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.35 and traded as low as GBX 0.30. Kodal Minerals shares last traded at GBX 0.31, with a volume of 20,496,359 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 1.20 target price on shares of Kodal Minerals in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 1.20.

Kodal Minerals Price Performance

The stock has a market capitalization of £64.38 million, a PE ratio of -6.46 and a beta of 0.27. The stock has a 50 day moving average of GBX 0.33 and a two-hundred day moving average of GBX 0.35.

About Kodal Minerals

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.