Kodal Minerals (LON:KOD) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Kodal Minerals PLC (LON:KOD) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.36 ($0.00) and traded as low as GBX 0.23 ($0.00). Kodal Minerals shares last traded at GBX 0.26 ($0.00), with a volume of 43,436,656 shares changing hands.

Kodal Minerals Price Performance

The stock has a market capitalization of £51.42 million, a price-to-earnings ratio of 1,960.03 and a beta of 0.51. The business has a fifty day moving average of GBX 0.31 and a 200 day moving average of GBX 0.36.

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.