Armadale Capital PLC Rating Reiterated by FinnCap (ACP)
Armadale Capital PLC (LON:ACP)‘s stock had its “corporate” rating reaffirmed by equities research analysts at FinnCap in a research note issued to investors on Thursday. They currently have a GBX 0.19 ($0.00) target price on the stock, up from their previous target price of GBX 0.18 ($0.00). FinnCap’s price target suggests a potential upside of 125.65% from the stock’s previous close.
A number of other firms have also recently commented on ACP. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Armadale Capital PLC in a research note on Monday, June 16th.
Armadale Capital PLC (LON:ACP) traded down 2.24% during mid-day trading on Thursday, hitting GBX 0.0831. 14,885,125 shares of the company’s stock traded hands. 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 0.13.
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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