Kodal Minerals (LON:KOD) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Kodal Minerals PLC (LON:KODGet Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.35 and traded as low as GBX 0.29. Kodal Minerals shares last traded at GBX 0.30, with a volume of 7,004,591 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 1.20 price target on shares of Kodal Minerals in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1.20.

Get Our Latest Stock Report on Kodal Minerals

Kodal Minerals Trading Down 0.3%

The company has a market cap of £60.92 million, a PE ratio of -6.11 and a beta of 0.06. The company’s 50 day moving average is GBX 0.31 and its 200 day moving average is GBX 0.35.

About Kodal Minerals

(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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