China Coal Energy (OTCMKTS:CCOZY) Shares Gap Down – Should You Sell?

Shares of China Coal Energy Co. (OTCMKTS:CCOZYGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $33.1244, but opened at $28.89. China Coal Energy shares last traded at $28.89, with a volume of 175 shares trading hands.

China Coal Energy Stock Down 12.8%

The business’s fifty day moving average is $33.49 and its two-hundred day moving average is $30.90. The stock has a market cap of $19.15 billion, a price-to-earnings ratio of 7.26 and a beta of -0.33. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.23.

China Coal Energy Company Profile

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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.

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