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Kodal Minerals (LON:KOD) Stock Price Down 5.8% - Here's Why

Kodal Minerals logo with Basic Materials background

Kodal Minerals PLC (LON:KOD - Get Free Report)'s share price was down 5.8% during mid-day trading on Tuesday . The company traded as low as GBX 0.24 ($0.00) and last traded at GBX 0.26 ($0.00). Approximately 39,717,621 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 51,888,188 shares. The stock had previously closed at GBX 0.28 ($0.00).

Kodal Minerals Stock Up 4.5%

The stock has a fifty day moving average of GBX 0.30 and a 200-day moving average of GBX 0.36. The firm has a market capitalization of £51.63 million, a P/E ratio of 1,967.72 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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