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.

Further Reading: What is the Fibonacci sequence?

Receive News & Ratings for MC Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MC Mining and related companies with MarketBeat.com's FREE daily email newsletter.