Mincon Group (LON:MCON) Trading Up 2.4% - What's Next?

Key Points

• Shares rose 2.4% to GBX 59.40 on Wednesday, but trading was thin at about 5,043 shares — an 85% decline from the stock's average daily volume.
• Market cap £126.21 million with a P/E of 23.67, low beta (0.25), modest leverage (debt-to-equity 22.51) and healthy liquidity (current ratio 3.32, quick ratio 1.07).
• Mincon designs, manufactures and services rock-drilling tools and rigs globally, offering DTH hammers, drill bits and construction/geotechnical drilling solutions.

Mincon Group plc (LON:MCON - )'s stock price was up 2.4% on Wednesday . The company traded as high as GBX 59.40 and last traded at GBX 59.40. Approximately 5,043 shares changed hands during trading, a decline of 85% from the average daily volume of 34,472 shares. The stock had previously closed at GBX 58.

Mincon Group Stock Up 2.4%

The company has a market capitalization of £126.21 million, a price-to-earnings ratio of 23.67 and a beta of 0.25. The stock's fifty day simple moving average is GBX 55.49 and its two-hundred day simple moving average is GBX 47.55. The company has a debt-to-equity ratio of 22.51, a current ratio of 3.32 and a quick ratio of 1.07.

About Mincon Group

Mincon Group plc engages in the design, manufacture, sale, and servicing of rock drilling tools and associated products in Ireland, the Americas, Australasia, Europe, the Middle East, and Africa. The company offers drill rigs and mast attachments for excavators and skid steers; down the hole (DTH) hammers; DTH drill bits for various rock-drilling applications; rotary drill bits; and construction and geotechnical solutions, including foundation drilling, pipe pile-walls, fore poling, well drilling, and anchoring.

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