Kodal Minerals (LON:KOD) Stock Passes Above 50-Day Moving Average – Here’s Why

Kodal Minerals PLC (LON:KODGet Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 0.32 and traded as high as GBX 0.32. Kodal Minerals shares last traded at GBX 0.32, with a volume of 24,375,467 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 1.20 target price on shares of Kodal Minerals in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Kodal Minerals currently has a consensus rating of “Buy” and a consensus target price of GBX 1.20.

Check Out Our Latest Report on Kodal Minerals

Kodal Minerals Trading Down 3.2%

The stock’s 50-day moving average is GBX 0.32 and its 200-day moving average is GBX 0.35. The stock has a market cap of £61.12 million, a P/E ratio of -6.13 and a beta of 0.27.

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.

See Also

Receive News & Ratings for Kodal Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kodal Minerals and related companies with MarketBeat.com's FREE daily email newsletter.