Coal of Africa Limited (LON:CZA)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Monday. They presently have a GBX 4.70 ($0.06) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 65.20% from the stock’s current price.

Shares of Coal of Africa Limited (LON:CZA) opened at 2.795 on Monday. The company’s 50-day moving average price is GBX 3.35 and its 200-day moving average price is GBX 3.21. Coal of Africa Limited has a 12 month low of GBX 1.51 and a 12 month high of GBX 5.88. The company’s market cap is GBX 53.86 million.

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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