Analyst at Peel Hunt Maintained MC Mining (LON:MCM)Stock Rating as a ‘Buy’

June 19, 2018 - By Peter Erickson

MC Mining (LON:MCM) Rating Reaffirmed

In an analyst report sent to clients and investors on Tuesday morning, Peel Hunt reiterated their Buy rating on MC Mining (LON:MCM) shares.

The stock increased 2.22% or GBX 0.5 during the last trading session, reaching GBX 23. About 22,076 shares traded or 31.52% up from the average. MC Mining Limited (LON:MCM) has 0.00% since June 19, 2017 and is . It has underperformed by 12.57% the S&P500.

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 has market cap of 32.42 million GBP. 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. It currently has negative earnings. The Company’s principal projects also include three exploration and development stage coking and thermal coal projects, including Chapudi, Generaal, and Mopane in the Soutpansberg Coalfield.

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