China Coal Energy (OTCMKTS:CCOZY) Hits New 12-Month High – Here’s What Happened

China Coal Energy Co. (OTCMKTS:CCOZY) shares hit a new 52-week high on Thursday . The stock traded as high as $31.05 and last traded at $31.05, with a volume of 100 shares trading hands. The stock had previously closed at $29.00.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of China Coal Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

China Coal Energy Price Performance

The stock’s 50 day moving average price is $27.83 and its 200-day moving average price is $26.87. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $20.22 billion, a PE ratio of 7.66 and a beta of -0.18.

China Coal Energy Company Profile

China Coal Energy Co, Ltd. is a major coal producer and integrated energy company in the People’s Republic of China. It operates as the publicly traded arm of the state-owned China National Coal Group and has securities available on mainland and Hong Kong exchanges, with a U.S. over-the-counter quotation under the symbol CCOZY. The company’s business model centers on upstream production and downstream processing of coal and related energy products.

The company’s core activities include coal mining, washing and processing, and the sale and distribution of thermal and coking coal to industrial and utility customers.