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China Coal Energy (OTCMKTS:CCOZY) Shares Gap Up - Still a Buy?

China Coal Energy logo with Energy background

Key Points

  • China Coal Energy's share price jumped from $24.63 to $26.50, closing at $27.04 with a trading volume of 260 shares.
  • The company has declared a dividend of $0.3474 per share, representing a significant dividend yield of 349.0%, with a payout ratio of 17.34%.
  • China Coal Energy operates in coal production and trading, as well as coal chemical businesses, both domestically and internationally.
  • MarketBeat previews the top five stocks to own by November 1st.

China Coal Energy Co. (OTCMKTS:CCOZY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $24.63, but opened at $26.50. China Coal Energy shares last traded at $27.04, with a volume of 260 shares changing hands.

China Coal Energy Stock Performance

The company's 50 day simple moving average is $26.04 and its two-hundred day simple moving average is $23.82. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 6.79 and a beta of -0.21.

China Coal Energy Dividend Announcement

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

China Coal Energy Company Profile

(Get Free Report)

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.

Further Reading

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