China Coal Energy (OTCMKTS:CCOZY) Shares Gap Down - Here's What Happened

Key Points

• China Coal Energy shares gapped down from $26.64 to $24.63 prior to trading, indicating significant price movement.
• The company announced a dividend of $0.3474, which will be paid on November 5th, representing a remarkable dividend yield of 349.0%.
• China Coal Energy has a market capitalization of $16.32 billion and a P/E ratio of 6.19, suggesting an attractive valuation relative to its earnings.

Shares of China Coal Energy Co. (OTCMKTS:CCOZY - ) gapped down prior to trading on Monday . The stock had previously closed at $26.64, but opened at $24.63. China Coal Energy shares last traded at $24.63, with a volume of 124 shares changing hands.

China Coal Energy Price Performance

The company has a market capitalization of $16.32 billion, a P/E ratio of 6.19 and a beta of -0.17. The firm has a fifty day moving average price of $26.32 and a 200-day moving average price of $23.57.

China Coal Energy Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, September 9th will be issued a $0.3474 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a dividend yield of 349.0%. China Coal Energy's dividend payout ratio is currently 17.34%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.