Kodal Minerals (LON:KOD) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Kodal Minerals PLC (LON:KOD - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.38 ($0.01) and traded as low as GBX 0.33 ($0.00). Kodal Minerals shares last traded at GBX 0.34 ($0.00), with a volume of 35,001,824 shares traded.

Analysts Set New Price Targets

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

Kodal Minerals Price Performance

The company has a market capitalization of £70.99 million, a P/E ratio of 2,705.61 and a beta of 0.51. The business's 50-day moving average price is GBX 0.38 and its two-hundred day moving average price is GBX 0.38.

About Kodal Minerals

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.