Kodal Minerals (LON:KOD) Shares Cross Above 50-Day Moving Average – Should You Sell?

Shares of Kodal Minerals PLC (LON:KOD) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 0.38 and traded as high as GBX 0.47. Kodal Minerals shares last traded at GBX 0.44, with a volume of 67,745,219 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 1 target price on shares of Kodal Minerals in a research report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1.

Kodal Minerals Stock Performance

The business has a 50 day moving average price of GBX 0.38 and a 200-day moving average price of GBX 0.34. The company has a market capitalization of £88.62 million, a price-to-earnings ratio of -8.90 and a beta of 0.51.

Kodal Minerals (LON:KOD) last issued its quarterly earnings results on Friday, December 19th. The company reported GBX (0.18) earnings per share (EPS) for the quarter.

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.