Kodal Minerals (LON:KOD) Trading Down 0.8% - What's Next?

Key Points

• Kodal Minerals' share price decreased by 0.8% to GBX 0.37, with trading volume down 45% from the average.
• The company has a market capitalization of £67.15 million and a high price-to-earnings ratio of 2,559.57.
• Kodal Minerals aims to be the first West African producer of lithium spodumene through its Bougouni Lithium Project in Mali.

Kodal Minerals PLC (LON:KOD - Get Free Report)'s stock price traded down 0.8% during trading on Tuesday . The stock traded as low as GBX 0.33 ($0.00) and last traded at GBX 0.37 ($0.00). 29,938,939 shares were traded during trading, a decline of 45% from the average session volume of 54,138,742 shares. The stock had previously closed at GBX 0.37 ($0.00).

Kodal Minerals Trading Down 2.4%

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 capitalization of £64.94 million, a price-to-earnings ratio of 2,475.02 and a beta of 0.51.

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.