MC Mining (LON:MCM)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a research note issued on Thursday. They presently have a GBX 88 ($1.23) target price on the stock. Peel Hunt’s target price indicates a potential upside of 155.07% from the stock’s previous close.

MCM stock opened at GBX 34.50 ($0.48) on Thursday. MC Mining has a 1 year low of GBX 30.47 ($0.42) and a 1 year high of GBX 71.60 ($1.00).

About MC Mining

MC Mining Limited, formerly Coal of Africa Limited, is a coal exploration, development and mining company. The Company’s Exploration segment is involved in the search for resources for commercial exploitation, and the determination of the technical feasibility and commercial viability of resources. The Development segment is engaged in establishing access to and commissioning facilities to extract, treat and transport production from the mineral reserve, and other preparations for commercial production.

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