Coal of Africa Limited (LON:CZA) had its price target increased by Peel Hunt from GBX 4 ($0.05) to GBX 4.40 ($0.06) in a research note published on Wednesday. The brokerage currently has a buy rating on the stock.

Shares of Coal of Africa Limited (LON CZA) traded up 4.76% during midday trading on Wednesday, hitting GBX 2.75. 38,520 shares of the stock were exchanged. Coal of Africa Limited has a 1-year low of GBX 2.25 and a 1-year high of GBX 4.00. The firm has a 50-day moving average of GBX 2.65 and a 200-day moving average of GBX 2.86. The company’s market capitalization is GBX 77.48 million.

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About Coal of Africa Limited

Coal of Africa Limited is a coal exploration, development and mining company operating in South Africa. The Company’s Exploration segment is involved in the search for resources for commercial exploitation, and the determination of the technical feasibility and commercial viability of resources. The Development segment is engaged in establishing access to and commissioning facilities to extract, treat and transport production from the mineral reserve, and other preparations for commercial production.

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