China Coal Energy (OTCMKTS:CCOZY) Sets New 1-Year High – Still a Buy?

China Coal Energy Co. (OTCMKTS:CCOZY)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.00 and last traded at $30.00, with a volume of 145 shares changing hands. The stock had previously closed at $27.8750.

Wall Street Analyst Weigh In

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

China Coal Energy Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 1.05. The company has a market capitalization of $19.89 billion, a P/E ratio of 9.20 and a beta of -0.18. The company’s fifty day simple moving average is $27.60 and its 200-day simple moving average is $26.69.

About China Coal Energy

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.