Coal of Africa Limited (LON:CZA)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as GBX 2.04 ($0.03) and last traded at GBX 2.13 ($0.03), with a volume of 72019 shares changing hands. The stock had previously closed at GBX 2.13 ($0.03).

Separately, Peel Hunt cut their price target on shares of Coal of Africa Limited from GBX 5 ($0.07) to GBX 4 ($0.05) and set a “buy” rating on the stock in a report on Friday, September 22nd.

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About Coal of Africa Limited

Coal of Africa Limited is a coal exploration, development and mining company operating in South Africa. The Company’s Exploration segment is involved in the search for resources for commercial exploitation, and the determination of the technical feasibility and commercial viability of resources. The Development segment is engaged in establishing access to and commissioning facilities to extract, treat and transport production from the mineral reserve, and other preparations for commercial production.

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