The stock of Coal of Africa Limited (LON:CZA) is a huge mover today! The stock decreased 7.20% or GBX 0.25 on November 7, hitting GBX 3.25. About 17,000 shares traded hands. Coal of Africa Limited (LON:CZA) has risen 66.67% since April 7, 2016 and is uptrending. It has outperformed by 64.71% the S&P500.
The move comes after 8 months negative chart setup for the GBX company. It was reported on Nov, 7 by Barchart.com. We have GBX 2.89 PT which if reached, will make LON:CZA worth GBX less.
Coal of Africa Limited is a coal exploration, development and mining firm operating in South Africa. The company has a market cap of GBP. 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. It currently has negative earnings. 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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