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E&P Global Holdings Limited ( (HK:1142) ) just unveiled an update.
E&P Global Holdings Limited has filed a judicial challenge in a Russian court against the revocation of its mining license, seeking interim relief to suspend the enforcement of the revocation. While the revocation currently does not impact the company’s daily operations as coal production in Russia has not yet commenced, it poses a potential threat to the company’s financial position due to the significant value of its exploration assets in Russia, which account for a large portion of its total assets.
The most recent analyst rating on (HK:1142) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on E&P Global Holdings Limited stock, see the HK:1142 Stock Forecast page.
More about E&P Global Holdings Limited
E&P Global Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the mining industry. The company’s main focus is on coal production, with significant exploration and evaluation assets in Russia, particularly concerning the Lapichevskaya Mine.
Average Trading Volume: 11,239,207
Technical Sentiment Signal: Buy
Current Market Cap: HK$32.35B
Find detailed analytics on 1142 stock on TipRanks’ Stock Analysis page.