China Coal Energy (OTCMKTS:CCOZY) Shares Gap Up - What's Next?

Key Points

• China Coal Energy's stock gapped up from $24.63 to $29.40 prior to trading, marking a 5.4% increase.
• The company recently declared a dividend of $0.3474 with a significant dividend yield of 349.0%, to be paid on November 5th.
• China Coal Energy has a market capitalization of $18.89 billion and operates in coal production and trading, along with coal chemical businesses.

China Coal Energy Co. (OTCMKTS:CCOZY - ) gapped up prior to trading on Wednesday . The stock had previously closed at $24.63, but opened at $29.40. China Coal Energy shares last traded at $29.40, with a volume of 100 shares traded.

China Coal Energy Stock Up 5.4%

The firm's 50 day simple moving average is $26.07 and its 200 day simple moving average is $23.99. The company has a market cap of $18.89 billion, a price-to-earnings ratio of 7.16 and a beta of -0.21.

China Coal Energy Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, September 9th will be paid a $0.3474 dividend. The ex-dividend date is Monday, September 8th. This represents a dividend yield of 349.0%. China Coal Energy's dividend payout ratio (DPR) is presently 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.

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