Coal of Africa Limited (LON:CZA) had its target price raised by equities researchers at Peel Hunt from GBX 4 ($0.05) to GBX 4.40 ($0.06) in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Peel Hunt’s price objective suggests a potential upside of 60.00% from the company’s current price.

Coal of Africa Limited (LON:CZA) opened at 2.75 on Wednesday. Coal of Africa Limited has a one year low of GBX 2.25 and a one year high of GBX 4.00. The company has a 50-day moving average price of GBX 2.65 and a 200-day moving average price of GBX 2.86. The company’s market capitalization is GBX 77.48 million.

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About Coal of Africa Limited

Coal of Africa Limited is a coal exploration, development and mining company operating in South Africa. The Company’s Exploration segment is involved in the search for resources for commercial exploitation, and the determination of the technical feasibility and commercial viability of resources. The Development segment is engaged in establishing access to and commissioning facilities to extract, treat and transport production from the mineral reserve, and other preparations for commercial production.

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