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

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

LON:MCM remained flat at $GBX 43.50 ($0.57) on Wednesday. The company’s fifty day moving average price is GBX 43.90. 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 1 year low of GBX 16 ($0.21) and a 1 year high of GBX 70.92 ($0.93). The stock has a market capitalization of $61.28 million and a PE ratio of -8.06.

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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