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

Key Points

• Kodal Minerals PLC's stock price has fallen below its 200-day moving average, trading as low as GBX 0.31.
• The company reported earnings of GBX (5.45) per share for the last quarter, indicating significant losses.
• Kodal Minerals is focused on developing the Bougouni Lithium Project in Southern Mali, aiming to become a major player in the lithium market.

Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.34 ($0.00) and traded as low as GBX 0.31 ($0.00). Kodal Minerals shares last traded at GBX 0.32 ($0.00), with a volume of 49,815,938 shares changing hands.

Kodal Minerals Stock Performance

The firm has a market capitalization of £66.12 million, a P/E ratio of -598.17 and a beta of 0.51. The business's fifty day moving average price is GBX 0.34 and its two-hundred day moving average price is GBX 0.34.

Kodal Minerals (LON:KOD - Get Free Report) last released its quarterly earnings results on Friday, August 29th. The company reported GBX (5.45) earnings per share for the quarter.

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.