Kodal Minerals (LON:KOD) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Kodal Minerals PLC (LON:KOD)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 0.32 and traded as high as GBX 0.32. Kodal Minerals shares last traded at GBX 0.31, with a volume of 13,713,153 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 1.20 price target on shares of Kodal Minerals in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1.20.

Kodal Minerals Trading Down 1.3%

The stock’s 50 day moving average price is GBX 0.32 and its two-hundred day moving average price is GBX 0.35. The firm has a market capitalization of £62.34 million, a PE ratio of -6.26 and a beta of 0.27.

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.