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

MC Mining (LON:MCM)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a report issued on Friday, ThisIsMoney.Co.Uk reports.

The business has a 50-day moving average of GBX 7.71 and a two-hundred day moving average of GBX 15.24. The firm has a market capitalization of $8.82 million and a P/E ratio of -0.24. The company has a debt-to-equity ratio of 17.49, a quick ratio of 0.34 and a current ratio of 0.38. MC Mining has a 52 week low of GBX 5.75 ($0.07) and a 52 week high of GBX 42.60 ($0.52).

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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