FinnCap Reiterates “Corporate” Rating for Armadale Capital PLC (ACP)
Armadale Capital PLC (LON:ACP)‘s stock had its “corporate” rating restated by analysts at FinnCap in a research report issued to clients and investors on Thursday. They currently have a GBX 0.18 ($0.00) price objective on the stock. FinnCap’s target price points to a potential upside of 94.59% from the company’s current price.
Shares of Armadale Capital PLC (LON:ACP) traded up 2.78% during mid-day trading on Thursday, hitting GBX 0.0925. The stock had a trading volume of 60,894,020 shares. Armadale Capital PLC has a one year low of GBX 0.07 and a one year high of GBX 0.16. The stock’s 50-day moving average is GBX 0.08 and its 200-day moving average is GBX 0.10.
ACP has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Armadale Capital PLC in a research note on Friday, June 27th.
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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