China Coal Energy (OTCMKTS:CCOZY) Shares Up 1.7% – Here’s Why

China Coal Energy Company Limited (OTCMKTS:CCOZY)’s share price shot up 1.7% during mid-day trading on Friday . The company traded as high as $24.00 and last traded at $24.00. 100 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 1,039 shares. The stock had previously closed at $23.60.

China Coal Energy Price Performance

The stock has a market cap of $15.91 billion, a P/E ratio of 6.03 and a beta of -0.10. The company has a 50 day simple moving average of $24.32 and a 200 day simple moving average of $22.91. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

China Coal Energy (OTCMKTS:CCOZY) last released its earnings results on Wednesday, October 23rd. The company reported $1.01 earnings per share for the quarter. China Coal Energy had a net margin of 10.70% and a return on equity of 10.19%. The business had revenue of $6.62 billion during the quarter. Sell-side analysts forecast that China Coal Energy Company Limited will post 4.01 earnings per share for the current fiscal year.

About China Coal Energy

China Coal Energy Company Limited primarily engages in the coal production and trading and coal chemical businesses in the People's Republic of China and internationally. The company offers polyolefin, methanol, urea, and other coal chemical products. It is also involved in the coal mining equipment manufacturing, pithead power generation, and other activities.