Peel Hunt reiterated their buy rating on shares of Coal of Africa Limited (LON:CZA) in a research note published on Monday morning. The brokerage currently has a GBX 4.70 ($0.06) price target on the stock.

Shares of Coal of Africa Limited (LON:CZA) traded up 6.0421% during trading on Monday, hitting GBX 3.0222. 207,362 shares of the stock traded hands. The stock’s market cap is GBX 58.24 million. The stock has a 50 day moving average price of GBX 3.33 and a 200-day moving average price of GBX 3.23. Coal of Africa Limited has a 1-year low of GBX 1.51 and a 1-year high of GBX 5.88.

Coal of Africa Limited Company Profile

Coal of Africa Limited (CoAL) is engaged in the acquisition, exploration, development and operation of metallurgical and thermal coal projects in South Africa. The Company operates through three segments: Exploration, Development and Mining. Its principal assets and projects include the Makhado hard coking and thermal coal project; Vele colliery; three coal projects, namely Chapudi, Generaal and Mopane, and the Mooiplaats colliery.

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