MC Mining (LON:MCM) Stock Crosses Below 200 Day Moving Average of $32.23
Shares of MC Mining Ltd (LON:MCM) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.23 and traded as low as $21.50. MC Mining shares last traded at $24.00, with a volume of 30,555 shares trading hands.
Separately, Peel Hunt reaffirmed a “buy” rating on shares of MC Mining in a research note on Tuesday, January 28th.
The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 14.66. The firm has a market cap of $32.40 million and a price-to-earnings ratio of -1.01. The stock has a 50-day moving average of GBX 27.76 and a two-hundred day moving average of GBX 32.14.
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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