Kodal Minerals (LON:KOD) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Kodal Minerals PLC (LON:KOD) 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.

Analyst Upgrades and Downgrades

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

Kodal Minerals Stock Up 3.3%

The stock has a 50-day moving average of GBX 0.31 and a 200 day moving average of GBX 0.35. The stock has a market cap of £63.16 million, a PE ratio of -6.34 and a beta of 0.06.

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.