Kodal Minerals (LON:KOD) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Kodal Minerals PLC (LON:KOD) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 0.30 and traded as high as GBX 0.38. Kodal Minerals shares last traded at GBX 0.35, with a volume of 19,055,381 shares trading hands.

Kodal Minerals Price Performance

The stock has a 50 day simple moving average of GBX 0.30 and a 200-day simple moving average of GBX 0.31. The firm has a market cap of £68.55 million, a PE ratio of -6.20 and a beta of 0.51.

Kodal Minerals Company Profile

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.