China Coal Energy (OTCMKTS:CCOZY) Reaches New 12-Month High – Here’s Why

China Coal Energy Co. (OTCMKTS:CCOZY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $34.00 and last traded at $34.00, with a volume of 243 shares. The stock had previously closed at $30.50.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded China Coal Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

China Coal Energy Price Performance

The company has a market capitalization of $22.54 billion, a P/E ratio of 8.54 and a beta of -0.21. The stock has a fifty day simple moving average of $30.78 and a 200-day simple moving average of $28.31.

About China Coal Energy

China Coal Energy Co, Ltd. is a major coal producer and integrated energy company in the People’s Republic of China. It operates as the publicly traded arm of the state-owned China National Coal Group and has securities available on mainland and Hong Kong exchanges, with a U.S. over-the-counter quotation under the symbol CCOZY. The company’s business model centers on upstream production and downstream processing of coal and related energy products.

The company’s core activities include coal mining, washing and processing, and the sale and distribution of thermal and coking coal to industrial and utility customers.