FinnCap Reiterates Corporate Rating for Armadale Capital PLC (ACP)
Armadale Capital PLC (LON:ACP)‘s stock had its “corporate” rating reaffirmed by research analysts at FinnCap in a report released on Wednesday. They currently have a GBX 0.18 ($0.00) target price on the stock. FinnCap’s price objective indicates a potential upside of 104.55% from the stock’s previous close.
Armadale Capital PLC (LON:ACP) traded down 8.11% on Wednesday, hitting GBX 0.085. The stock had a trading volume of 36,970,924 shares. Armadale Capital PLC has a 52 week low of GBX 0.06 and a 52 week high of GBX 0.16. The stock’s 50-day moving average is GBX 0.09 and its 200-day moving average is GBX 0.14.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Armadale Capital PLC in a research note on Monday.
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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