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

Kodal Minerals PLC (LON:KOD) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 0.35 and traded as low as GBX 0.31. Kodal Minerals shares last traded at GBX 0.34, with a volume of 58,260,762 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 1 target price on shares of Kodal Minerals in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 1.

Kodal Minerals Stock Performance

The stock’s 50-day moving average price is GBX 0.36 and its two-hundred day moving average price is GBX 0.35. The stock has a market capitalization of £68.25 million, a PE ratio of -6.85 and a beta of 0.30.

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.