PRC has been lifting in share price over the last week or so and has made a run up to nearly NZ$1.00 today on the NZX. Considering some weeks ago it was down around NZ$0.85 then that is quite a turn around considering that there has been very little positive news from the mine itself.
On the periphery there has been talk about new coal prices of around US$200 per tonne and there has been a recommendation from NZ stockbroking firm, Forsyth Barr, that PRC is the best exposure to any upside compared to PRC, PRCO and NZO.
Perhaps there is other news on the way ????
PRC Price at posting:
75.6¢ Sentiment: Hold Disclosure: Held
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