MC Mining (LON:MCM) Receives “Buy” Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of MC Mining (LON:MCM) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports.

Shares of MCM opened at GBX 43.50 ($0.57) on Wednesday. The company has a debt-to-equity ratio of 10.58, a current ratio of 1.26 and a quick ratio of 0.87. MC Mining has a 52-week low of GBX 16 ($0.21) and a 52-week high of GBX 70.92 ($0.93). The company has a 50-day moving average of GBX 43.86. The stock has a market cap of $61.28 million and a P/E ratio of -8.06.

MC Mining Company Profile

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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