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 Monday . The stock has a 200-day moving average of GBX 0.35 and traded as low as GBX 0.27. Kodal Minerals shares last traded at GBX 0.30, with a volume of 14,679,406 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 1.20 price target on shares of Kodal Minerals in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Kodal Minerals presently has an average rating of “Buy” and an average target price of GBX 1.20.

Kodal Minerals Stock Up 3.4%

The stock has a market capitalization of £61.12 million, a price-to-earnings ratio of -6.13 and a beta of 0.18. The firm has a 50-day moving average of GBX 0.30 and a two-hundred day moving average of GBX 0.35.

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.