China Coal Energy (OTCMKTS:CCOZY) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of China Coal Energy Company Limited (OTCMKTS:CCOZY) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $22.86 and traded as high as $25.98. China Coal Energy shares last traded at $25.98, with a volume of 512 shares changing hands.

China Coal Energy Trading Up 3.9 %

The firm has a market cap of $17.22 billion, a PE ratio of 6.53 and a beta of -0.10. The company has a 50 day moving average price of $22.86 and a 200 day moving average price of $22.20.

China Coal Energy (OTCMKTS:CCOZY) last released its quarterly earnings data on Friday, August 23rd. The company reported $1.22 EPS for the quarter. China Coal Energy had a net margin of 10.78% and a return on equity of 10.24%. The business had revenue of $6.57 billion for the quarter. As a group, equities research analysts anticipate that China Coal Energy Company Limited will post 4.01 earnings per share for the current fiscal year.

China Coal Energy Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, November 7th. Investors of record on Monday, September 9th will be given a dividend of $0.487 per share. The ex-dividend date is Monday, September 9th. China Coal Energy’s dividend payout ratio is currently 38.44%.

China Coal Energy Company Profile

China Coal Energy Company Limited primarily engages in the coal production and trading and coal chemical businesses in the People's Republic of China and internationally. The company offers polyolefin, methanol, urea, and other coal chemical products. It is also involved in the coal mining equipment manufacturing, pithead power generation, and other activities.