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Kodal Minerals (LON:KOD) Stock Passes Below 200-Day Moving Average - Should You Sell?

Kodal Minerals logo with Basic Materials background

Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.37 ($0.00) and traded as low as GBX 0.25 ($0.00). Kodal Minerals shares last traded at GBX 0.28 ($0.00), with a volume of 73,403,359 shares changing hands.

Kodal Minerals Stock Performance

The company has a 50 day simple moving average of GBX 0.32 and a two-hundred day simple moving average of GBX 0.37. The company has a market cap of £52.43 million, a PE ratio of 1,998.46 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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