Peel Hunt reaffirmed their buy rating on shares of MC Mining (LON:MCM) in a research note released on Wednesday morning.

Shares of LON MCM opened at GBX 51 ($0.67) on Wednesday. MC Mining has a twelve month low of GBX 30.47 ($0.40) and a twelve month high of GBX 71.60 ($0.94).

About MC Mining

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'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.

Further Reading: Outstanding Shares and The Effect on Share Price

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