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

Kodal Minerals PLC (LON:KOD)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.35 and traded as low as GBX 0.29. Kodal Minerals shares last traded at GBX 0.30, with a volume of 15,692,625 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 1.20 price target on shares of Kodal Minerals in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Kodal Minerals presently has an average rating of “Buy” and a consensus price target of GBX 1.20.

Kodal Minerals Price Performance

The company has a market cap of £60.51 million, a PE ratio of -6.07 and a beta of 0.27. The company has a 50-day moving average of GBX 0.32 and a 200 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.