Armadale Capital PLC’s “Speculative Buy” Rating Reaffirmed at Beaufort Securities (ACP)
Shares of Armadale Capital PLC (LON:ACP) traded down 3.06% during mid-day trading on Friday, hitting GBX 0.0824. The stock had a trading volume of 19,541,558 shares. Armadale Capital PLC has a 1-year low of GBX 0.06 and a 1-year 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.
A number of other firms have also recently commented on ACP. Analysts at FinnCap reiterated a “corporate” rating on shares of Armadale Capital PLC in a research note on Thursday. They now have a GBX 0.19 ($0.00) price target on the stock, up previously from GBX 0.18 ($0.00).
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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