The stock of Ncondezi Energy (LON:NCCL) is a huge mover today! The stock decreased 1.06% or GBX 0.06 on November 18, hitting GBX 5.81. About 182,549 shares traded hands. Ncondezi Energy (LON:NCCL) has risen 14.63% since April 19, 2016 and is uptrending. It has outperformed by 10.20% the S&P500.
The move comes after 8 months positive chart setup for the GBX 15.57M company. It was reported on Nov, 18 by Barchart.com. We have GBX 17.14 PT which if reached, will make LON:NCCL worth GBX 30.36M more.
Another recent and important Ncondezi Energy (LON:NCCL) news was published by Uk.Finance.Yahoo.com which published an article titled: “Ncondezi Energy Limited (NCCL.L)” on March 29, 2014.
Ncondezi Energy Limited is a power development firm with an integrated thermal coal mine and power plant project located near Tete in northern Mozambique (the Ncondezi Coal Mine and Power Project, respectively). The company has a market cap of 15.57 million GBP. The Firm operates through three divisions: Mine project, which is involved in the exploration for coal and development of coal mine within the Company’s license areas in Mozambique; Power project, which relates to the development of approximately 300 megawatts (MW) integrated power plant next to the Company’s coal mine concession areas in Mozambique, and Corporate. It currently has negative earnings. Ncondezi is focusing on developing the projects in phases, subject to additional financing, with the first phase targeting approximately 300 MW and ultimately scalable to over 1,800 MW.
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