China Coal Energy (OTCMKTS:CCOZY) Sets New 12-Month High – Here’s What Happened

Shares of China Coal Energy Co. (OTCMKTS:CCOZY) reached a new 52-week high on Thursday . The company traded as high as $31.05 and last traded at $31.05, with a volume of 100 shares. The stock had previously closed at $29.00.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised China Coal Energy from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

China Coal Energy Price Performance

The business’s 50 day simple moving average is $27.71 and its 200-day simple moving average is $26.81. The stock has a market capitalization of $20.58 billion, a price-to-earnings ratio of 7.80 and a beta of -0.18. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 0.20.

China Coal Energy Company Profile

China Coal Energy Co, Ltd. is a major coal producer and integrated energy company in the People’s Republic of China. It operates as the publicly traded arm of the state-owned China National Coal Group and has securities available on mainland and Hong Kong exchanges, with a U.S. over-the-counter quotation under the symbol CCOZY. The company’s business model centers on upstream production and downstream processing of coal and related energy products.

The company’s core activities include coal mining, washing and processing, and the sale and distribution of thermal and coking coal to industrial and utility customers.