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E&P Global Holdings Limited ( (HK:1142) ) has provided an announcement.
E&P Global Holdings Limited announced the revocation of its mining license for the Lapichevskaya Mine in Russia by the Federal Agency for Mineral Resources. Despite the revocation, the company’s operations remain unaffected as coal production had not yet commenced. However, the revocation could have a significant financial impact, given that the Russian mining assets represent a large portion of the company’s total assets. The company is seeking legal advice and plans to challenge the revocation decision and appeal a related court ruling.
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, through its subsidiaries, focuses on coal mining operations, with significant assets in Russia, accounting for a substantial portion of its total assets.
Average Trading Volume: 9,748,855
Technical Sentiment Signal: Buy
Current Market Cap: HK$40.69B
See more data about 1142 stock on TipRanks’ Stock Analysis page.