Kodal Minerals (LON:KOD) Reaches New 1-Year Low – Here’s Why

Kodal Minerals PLC (LON:KOD) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 0.03 and last traded at GBX 0.34, with a volume of 47138359 shares traded. The stock had previously closed at GBX 0.31.

Kodal Minerals Stock Performance

The company’s 50-day moving average price is GBX 0.30 and its 200 day moving average price is GBX 0.31. The stock has a market capitalization of £68.14 million, a PE ratio of -6.17 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.