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

China Coal Energy Co. (OTCMKTS:CCOZYGet Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $33.1244, but opened at $29.59. China Coal Energy shares last traded at $29.59, with a volume of 100 shares trading hands.

China Coal Energy Price Performance

The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average price is $32.80 and its two-hundred day moving average price is $30.95. The company has a market capitalization of $19.62 billion, a price-to-earnings ratio of 7.43 and a beta of -0.33.

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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