Kodal Minerals (LON:KOD) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Kodal Minerals shares fell below their 200-day moving average on Tuesday, trading as low as GBX 0.32 before closing at GBX 0.34.
• The company has a market capitalization of £67.36 million and a remarkably high price-to-earnings ratio of 2,567.26.
• Kodal Minerals aims to be the first West African producer of lithium spodumene with its flagship Bougouni Lithium Project located in Southern Mali.

Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0.35 ($0.00) and traded as low as GBX 0.32 ($0.00). Kodal Minerals shares last traded at GBX 0.34 ($0.00), with a volume of 25,190,623 shares changing hands.

Kodal Minerals Trading Down 3.4%

The firm has a 50-day simple moving average of GBX 0.30 and a two-hundred day simple moving average of GBX 0.35. The company has a market capitalization of £68.57 million, a price-to-earnings ratio of 2,613.37 and a beta of 0.51.

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.