Peel Hunt Reaffirms Buy Rating for MC Mining (LON:MCM)

Peel Hunt reissued their buy rating on shares of MC Mining (LON:MCM) in a research report sent to investors on Wednesday, ThisIsMoney.Co.Uk reports.

Shares of MCM stock opened at GBX 43.50 ($0.57) on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.26 and a debt-to-equity ratio of 10.58. The firm has a market capitalization of $61.28 million and a price-to-earnings ratio of -8.06. MC Mining has a one year low of GBX 16 ($0.21) and a one year high of GBX 70.92 ($0.93). The stock’s 50 day moving average is GBX 43.86.

About MC Mining

MC Mining Limited, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of metallurgical and thermal coal projects in South Africa. The company's principal projects include the Makhado hard coking and thermal coal project located to the southwest of Musina; and the Vele Colliery semi soft coking and thermal coal mine located to the west of Musina in the Limpopo province.

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