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The latest update is out from E&P Global Holdings Limited ( (HK:1142) ).
E&P Global Holdings Limited announced that a Russian court has upheld a ruling affecting its mining license in Russia, which could have a significant impact on its financial position due to the value of its exploration and evaluation assets. Despite this, the company stated that the ruling will not materially affect its daily operations in energy commodity trading. Trading of the company’s shares was temporarily halted but has since resumed, and the company is actively seeking legal measures to protect its interests.
The most recent analyst rating on (HK:1142) stock is a Sell with a HK$0.50 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 with limited liability. It operates in the energy sector, primarily focusing on trading energy commodities such as diesel and coal. The company has significant exploration and evaluation assets related to mining licenses in Russia, which account for a substantial portion of its total assets.
Average Trading Volume: 36,413,819
Technical Sentiment Signal: Sell
Current Market Cap: HK$6B
See more insights into 1142 stock on TipRanks’ Stock Analysis page.