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

Kodal Minerals logo with Basic Materials background

Kodal Minerals PLC (LON:KOD - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0.37 ($0.01) and traded as low as GBX 0.28 ($0.00). Kodal Minerals shares last traded at GBX 0.28 ($0.00), with a volume of 21,657,912 shares.

Analyst Ratings Changes

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

View Our Latest Research Report on Kodal Minerals

Kodal Minerals Trading Up 5.8%

The stock has a market cap of £58.48 million, a PE ratio of 2,229.05 and a beta of 0.51. The company's 50 day moving average is GBX 0.35 and its 200-day moving average is GBX 0.37.

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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