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

Kodal Minerals PLC (LON:KODGet Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0.31 and traded as low as GBX 0.28. Kodal Minerals shares last traded at GBX 0.32, with a volume of 190,526,938 shares trading hands.

Kodal Minerals Price Performance

The company has a market capitalization of £64.90 million, a P/E ratio of -5.87 and a beta of 0.51. The company’s 50-day moving average price is GBX 0.29 and its two-hundred day moving average price is GBX 0.31.

Kodal Minerals (LON:KODGet Free Report) last issued its quarterly earnings results on Friday, August 29th. The company reported GBX (5.45) earnings per share for the quarter.

Kodal Minerals Company Profile

(Get Free Report)

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.

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