Kodal Minerals (LON:KOD) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Kodal Minerals PLC (LON:KOD) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.50 ($0.01) and traded as low as GBX 0.40 ($0.01). Kodal Minerals shares last traded at GBX 0.42 ($0.01), with a volume of 30,930,704 shares.

Wall Street Analysts Forecast Growth

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

Kodal Minerals Price Performance

The company has a debt-to-equity ratio of 6.01, a current ratio of 142.38 and a quick ratio of 2.59. The company has a 50-day simple moving average of GBX 0.47 and a two-hundred day simple moving average of GBX 0.50.

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.