Revised Outlook To Help L&L Energy Inc (NASDAQ:LLEN)
L&L Energy, Inc (NASDAQ:LLEN) is a company based in the United States. It has very profitable coal energy operations in various regions in China. The company announced that an independent, unbiased research firm, SeeThruEquity, LLC has now initiated coverage on the company. SeeThruEquity, LLC’s Director of Research, Ajay Tandon said that their analysis indicates that a there is a fair-value estimate of $5.43 per share. This implies an upside of 311 percent from its recent price of $1.32. He said that they view L&L Energy, Inc (NASDAQ:LLEN) as one of the speculative plays in the Chinese coal-market. He said that it has the potential to generate very attractive top and bottom-line growth via acquisition and organic opportunities.”
In Friday’s trading, L&L Energy, Inc (NASDAQ:LLEN) rose by 21.13%. The opening price of the shares was $1.42, which climbed to an intraday high of $1.89 and dipped to a close of $1.72. Approximately 11.87 million shares were traded on Friday while an average volume of 3.41 million shares were traded over a 30 day period. The 52-week low of L&L Energy, Inc (NASDAQ:LLEN) shares is $0.94 and its 52-week high is $4.94. The company has a market capitalization of $66.30 million.
About the company
L&L Energy, Inc (NASDAQ:LLEN) is involved in various coal operations in the Guizhou and Yunnan provinces which are in the southern region of the People’s Republic of China. As of 30 April 2012, it had 4 coal mines, 2 coal-washing plants, 1 coking facility, and 3 coal distribution and wholesale networks. On 3 February 2012, it acquired 51% controlling stake in the Weishe coal mine located in the Guizhou Province, China. In 2012 September, the company bought the GuangYeh Coal Sales Co’s existing operations. In 2011 November, it established Ch DaXing L & L Coal Co Ltd, a coal distributor and wholesale corporation in China and owned a 100% equity-interest in DaXing.