China Coal Energy (OTCMKTS:CCOZY) Stock Passes Above 50-Day Moving Average – Here’s Why

China Coal Energy Company Limited (OTCMKTS:CCOZY)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $22.86 and traded as high as $25.98. China Coal Energy shares last traded at $25.98, with a volume of 512 shares traded.

China Coal Energy Stock Up 3.9 %

The stock has a fifty day moving average price of $22.86 and a 200-day moving average price of $22.20. The firm has a market cap of $17.22 billion, a price-to-earnings ratio of 6.53 and a beta of -0.10.

China Coal Energy (OTCMKTS:CCOZY) last announced its quarterly earnings data on Friday, August 23rd. The company reported $1.22 earnings per share (EPS) for the quarter. China Coal Energy had a net margin of 10.78% and a return on equity of 10.24%. The company had revenue of $6.57 billion for the quarter. As a group, research analysts expect that China Coal Energy Company Limited will post 4.01 earnings per share for the current year.

China Coal Energy Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, November 7th. Investors of record on Monday, September 9th will be given a $0.487 dividend. The ex-dividend date is Monday, September 9th. China Coal Energy’s payout ratio is currently 38.44%.

About China Coal Energy

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.