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Kodal Minerals (LON:KOD) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Kodal Minerals logo with Basic Materials background

Kodal Minerals PLC (LON:KOD - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0.39 ($0.01) and traded as low as GBX 0.37 ($0.00). Kodal Minerals shares last traded at GBX 0.38 ($0.01), with a volume of 54,245,621 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 1 ($0.01) target price on shares of Kodal Minerals in a report on Tuesday, February 11th.

Get Our Latest Report on KOD

Kodal Minerals Trading Up 3.1 %

The company has a market cap of £74.62 million, a PE ratio of 2,843.97 and a beta of 0.51. The stock has a 50 day moving average price of GBX 0.38 and a 200 day moving average price of GBX 0.38.

About Kodal Minerals

(Get Free Report)

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.

Further Reading

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