Kodal Minerals (LON:KOD) Shares Pass Above Fifty Day Moving Average – What’s Next?

Kodal Minerals PLC (LON:KOD)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 0.32 and traded as high as GBX 0.32. Kodal Minerals shares last traded at GBX 0.31, with a volume of 13,713,153 shares changing hands.

Analyst Ratings Changes

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

Kodal Minerals Price Performance

The stock has a market cap of £63.16 million, a price-to-earnings ratio of -6.34 and a beta of 0.27. The stock has a fifty day moving average of GBX 0.32 and a two-hundred day moving average of GBX 0.35.

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.