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

Kodal Minerals PLC (LON:KOD)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 0.49 ($0.01) and traded as low as GBX 0.28 ($0.00). Kodal Minerals shares last traded at GBX 0.32 ($0.00), with a volume of 137,675,361 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 1.45 ($0.02) price objective on shares of Kodal Minerals in a report on Thursday, September 26th.

Kodal Minerals Stock Performance

The firm’s 50 day moving average is GBX 0.44 and its two-hundred day moving average is GBX 0.49. The company has a debt-to-equity ratio of 6.01, a quick ratio of 2.59 and a current ratio of 142.38.

About Kodal Minerals

Kodal Minerals PLC, together with its subsidiaries, engages in the exploration and evaluation of mineral resources in the United Kingdom and West Africa. The company explores for lithium and gold deposits. Its flagship project is the Bougouni Lithium project located in Mali. Kodal Minerals PLC was incorporated in 2010 and is based in London, the United Kingdom.