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Kodal Minerals (LON:KOD) Shares Pass Above 50 Day Moving Average - Here's Why

Kodal Minerals logo with Basic Materials background

Key Points

  • Kodal Minerals' stock price crossed above its 50-day moving average of GBX 0.31, reaching a high of GBX 0.37 during trading.
  • The company's market capitalization stands at £73.61 million, with a P/E ratio of 2,805.53 and a beta of 0.51, indicating relatively low volatility.
  • Kodal Minerals aims to be the first West African producer of lithium spodumene through its flagship Bougouni Lithium Project located in Southern Mali.
  • Looking to export and analyze Kodal Minerals data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Kodal Minerals PLC (LON:KOD - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 0.31 ($0.00) and traded as high as GBX 0.37 ($0.01). Kodal Minerals shares last traded at GBX 0.36 ($0.00), with a volume of 49,913,098 shares changing hands.

Kodal Minerals Stock Down 2.9%

The stock has a 50-day moving average of GBX 0.32 and a 200 day moving average of GBX 0.34. The stock has a market cap of £66.55 million, a PE ratio of 2,536.51 and a beta of 0.51.

Kodal Minerals Company Profile

(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.

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