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

Kodal Minerals PLC (LON:KOD) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.31 and traded as low as GBX 0.30. Kodal Minerals shares last traded at GBX 0.31, with a volume of 35,757,996 shares traded.

Kodal Minerals Stock Down 1.6%

The stock has a market capitalization of £62.87 million, a PE ratio of -5.69 and a beta of 0.51. The stock’s 50 day moving average price is GBX 0.30 and its 200-day moving average price is GBX 0.31.

About Kodal Minerals

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.