MC Mining Limited (LON:MCM – Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 7.45 ($0.09) and traded as low as GBX 7.15 ($0.09). MC Mining shares last traded at GBX 7.35 ($0.09), with a volume of 66,088 shares traded.
MC Mining Price Performance
The business’s 50-day moving average price is GBX 7.16 and its 200 day moving average price is GBX 7.45. The company has a quick ratio of 0.12, a current ratio of 0.63 and a debt-to-equity ratio of 21.58. The company has a market capitalization of £29.98 million, a P/E ratio of -735.00 and a beta of 0.92.
MC Mining Company Profile
MC Mining Limited, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of coking and thermal coal projects in South Africa. The company’s principal projects include the Uitkomst Colliery, a metallurgical and thermal coal project located in the KwaZulu Natal province; the Makhado hard coking and thermal coal project situated in the Soutpansberg coalfield in the Limpopo province; the Vele Colliery, a semi-soft coking and thermal coal mine located to the west of Musina in the Limpopo province; and Greater Soutpansberg Projects, including Chapudi, Generaal, and Mopane projects located in Limpopo province.
Further Reading
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Read More: MC Mining (LON:MCM) Stock Crosses Below Two Hundred Day Moving Average of $7.45