Kodal Minerals (LON:KOD) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Kodal Minerals PLC (LON:KOD) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 0.40 ($0.01) and traded as high as GBX 0.40 ($0.01). Kodal Minerals shares last traded at GBX 0.40 ($0.01), with a volume of 36,989,945 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 1 ($0.01) price target on shares of Kodal Minerals in a research note on Tuesday, February 11th.

Kodal Minerals Stock Performance

The firm has a market capitalization of £80.67 million, a PE ratio of 3,074.56 and a beta of 0.51. The business’s 50 day moving average price is GBX 0.40 and its 200-day moving average price is GBX 0.42.

Kodal Minerals (LON:KOD) last released its quarterly earnings results on Monday, December 23rd. The company reported GBX (0.01) ($0.00) EPS for the quarter.

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.