Coal of Africa Limited (CZA) Receives “Buy” Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Coal of Africa Limited (LON:CZA) in a report issued on Monday. Peel Hunt currently has a GBX 4.70 ($0.06) price objective on the stock.

Coal of Africa Limited (LON:CZA) traded up 6.0421% during mid-day trading on Monday, reaching GBX 3.0222. 207,362 shares of the company traded hands. The company’s 50-day moving average is GBX 3.33 and its 200-day moving average is GBX 3.23. The stock’s market capitalization is GBX 58.24 million. Coal of Africa Limited has a 12-month low of GBX 1.51 and a 12-month high of GBX 5.88.

About Coal of Africa Limited

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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