MC Mining (LON:MCM) Stock Price Passes Below Two Hundred Day Moving Average of $16.57

MC Mining Limited (LON:MCMGet Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 16.57 ($0.20) and traded as low as GBX 7.89 ($0.10). MC Mining shares last traded at GBX 8.25 ($0.10), with a volume of 136,010 shares changing hands.

MC Mining Stock Performance

The firm’s 50 day simple moving average is GBX 14.94 and its 200-day simple moving average is GBX 16.57. The company has a debt-to-equity ratio of 33.87, a quick ratio of 0.12 and a current ratio of 0.25. The company has a market capitalization of £32.81 million, a price-to-earnings ratio of -103.13 and a beta of 0.88.

About MC Mining

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MC Mining Limited, together with its subsidiaries, explores, develops, and operates coal projects in South Africa. The company's principal projects include the Uitkomst Colliery, a metallurgical and thermal coal project located in the KwaZulu Natal province; the Makhado hard coking and thermal coal project situated in the Soutpansberg coalfield in the Limpopo province; the Vele Colliery, a semi-soft coking and thermal coal mine located to the west of Musina in the Limpopo province; and Greater Soutpansberg Projects, including Chapudi, Generaal, and Mopane projects located in Limpopo province.

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