MC Mining (LON:MCM) Stock Price Passes Below Two Hundred Day Moving Average of $7.44

MC Mining Limited (LON:MCM)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 7.44 ($0.09) and traded as low as GBX 7.10 ($0.09). MC Mining shares last traded at GBX 7.30 ($0.09), with a volume of 176,217 shares trading hands.

MC Mining Stock Down 3.9 %

The company has a current ratio of 0.38, a quick ratio of 0.12 and a debt-to-equity ratio of 24.73. The company has a market capitalization of £29.78 million, a price-to-earnings ratio of -365.00 and a beta of 0.92. The firm’s fifty day simple moving average is GBX 7.25 and its two-hundred day simple moving average is GBX 7.43.

About MC Mining

MC Mining Limited, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of coking and thermal 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.