Skip to content
Home / News |

Here’s Why Kodal Minerals Share Price Fell 10% Today

Kodal minerals logo
Simon Mugo

Shares of Kodal Minerals PLC (LON: KOD) today fell 10% after the mining company welcomed the appointment of an interim government in Mali. The company expressed confidence in the new government saying that work on the Bougouni lithium project was moving to the next stage.

The appointment of the new government led to the lifting of the sanctions imposed by the Economic Community of West African States (ECOWAS), which is good news for the company’s products.

According to the statement: “Kodal welcomes the appointment of the interim government and looks forward to working with the government and progressing the mining licence application for the Bougouni Project and moving into a development phase for the project.”

X testing X
WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
5.0
Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

The new government is expected to organise fresh elections in the next 18 months.

Kodal Minerals share price

Tradingview chart of Kodal Minerals share price 09102020

Kodal Minerals share price today fell 10% to trade at 0.0766p having dropped from Thursday’s closing price of 0.0852p.

People who read this also read:

Simon Mugo
Simon Mugo
Contributor

Simon ist Autor und Analyst für den Bereich Finanzwesen und blickt auf über sechs Jahre professionelle Erfahrung als Trader zurück. Er absolvierte einen Bachelor in Mathematik und Informatik und hat eine Leidenschaft für die Finanzmärkte. Simon handelt FX, Rohstoffe und Aktien. Er konzentriert sich auf Price Action Trading.