Does Ncondezi Energy Have Any Gas After Today’s Huge Decline?

 Does Ncondezi Energy Have Any Gas After Today's Huge Decline?

The stock of Ncondezi Energy (LON:NCCL) is a huge mover today! The stock increased 5.12% or GBX 0.28 on November 24, hitting GBX 5.65. About 811,050 shares traded hands or 77.19% up from the average. Ncondezi Energy (LON:NCCL) has declined 4.44% since April 25, 2016 and is downtrending. It has underperformed by 9.85% the S&P500.
The move comes after 9 months negative chart setup for the GBX 14.73M company. It was reported on Nov, 24 by We have GBX 5.42 PT which if reached, will make LON:NCCL worth GBX 589,200 less.

Another recent and important Ncondezi Energy (LON:NCCL) news was published by 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 14.73 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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