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Kodal Minerals (LON:KOD) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Kodal Minerals logo with Basic Materials background

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.
  • 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)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 Stock Down 5.9%

The firm's 50 day moving average is GBX 0.30 and its 200-day moving average is GBX 0.35. The firm has a market cap of £64.53 million, a PE ratio of 2,459.65 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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