Mongolia Energy Corporation Limited (MOAEY)
Mongolia Energy Corporation Limited operates in the Coal industry of the Energy sector, headquartered in Hong Kong, HK. The stock last traded at $0.44, up 0.00% on the session, giving a market capitalisation of $1.7M. On trailing twelve-month figures it carries a trailing P/E of 0.22, a net margin of 23.4%. Its beta of 0.02 implies it has historically moved less than the broad market.
Mongolia Energy Corporation Limited (MEC), founded in 2006 and headquartered in Hong Kong, functions as an investment holding entity with extensive operations in the natural resources sector. Its primary activities revolve around the mining, exploration, and processing of coal, which it markets as both coking and thermal varieties, predominantly within the People's Republic of China and Mongolia. A cornerstone of MEC's operations is its Khushuut coking coal venture situated in Western Mongolia. The company possesses substantial exploration and mining rights, encompassing approximately 12,807 hectares, for coal and iron-bearing resources across key sites in Western Mongolia, specifically Khushuut, Olon Bulag, and Bayan-Ulgii. Beyond its core resource extraction, MEC offers a suite of related services, including management, secretarial, and nominee support, alongside coal logistics and expert consultancy for mining and exploration endeavors. The company also engages in broader mineral exploration and extraction, coal trading, and manages coal washing facilities.
Mongolia Energy Corporation Limited is most often compared with the following Energy names: