FinnCap Initiates Coverage on Armadale Capital PLC (ACP)
Equities research analysts at FinnCap assumed coverage on shares of Armadale Capital PLC (LON:ACP) in a research note issued to investors on Thursday. The firm set a “corporate” rating and a GBX 0.18 ($0.00) price target on the stock. FinnCap’s target price indicates a potential upside of 114.80% from the stock’s previous close.
A number of other analysts have also recently weighed in on ACP. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Armadale Capital PLC in a research note on Tuesday, May 20th.
Armadale Capital PLC (LON:ACP) traded up 2.35% during mid-day trading on Thursday, hitting GBX 0.087. 50,354,512 shares of the company’s stock traded hands. Armadale Capital PLC has a 1-year low of GBX 0.06 and a 1-year high of GBX 0.16. The stock has a 50-day moving average of GBX 0.09 and a 200-day moving average of GBX 0.1.
Armadale Capital Plc is engaged in commercializing process technologies, including coal briquetting and acid mine drainage (LON:ACP), and to act as project manager for the treatment of AMD on the Witwatersrand Goldfields of South Africa and the development of a coal briquetting plant in Natal Province of South Africa, these activities being undertaken by Western Utilities Corporation (Pty) Limited (WUC).
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