Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Up – Here’s What Happened

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY) gapped up prior to trading on Monday. The stock had previously closed at $13.67, but opened at $14.99. Yankuang Energy Group shares last traded at $14.99, with a volume of 206 shares.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Yankuang Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, Yankuang Energy Group currently has a consensus rating of “Hold”.

Yankuang Energy Group Price Performance

The firm has a market cap of $14.14 billion, a P/E ratio of 8.21 and a beta of 0.33. The stock has a 50 day moving average of $14.92 and a 200 day moving average of $16.64.

Yankuang Energy Group (OTCMKTS:YZCAY) last posted its earnings results on Monday, August 31st. The energy company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.37). The firm had revenue of $10.45 billion for the quarter, compared to the consensus estimate of $6.45 billion. On average, research analysts predict that Yankuang Energy Group Company Limited Sponsored ADR will post 2.50 EPS for the current fiscal year.

Yankuang Energy Group Company Profile

Yankuang Energy Group Company Limited is a China-based energy and mining company engaged primarily in coal mining, processing and sales. Its operations also include coal chemicals, power generation, railway and port logistics, and mining equipment manufacturing. The company was formerly known as Yanzhou Coal Mining Company and adopted the Yankuang Energy name in 2022. Its business has expanded beyond its roots in Shandong Province to include coal and energy operations in other parts of China and Australia, including through its investment in Yancoal Australia.