Coal Asia Holdings Incorporated (COAL) Stock Price
₱0.160
23.08%
(
$0.00283
in US Dollar
)
Price Data
Open Price
₱0.160
High Price
₱0.160
Low Price
₱0.140
52-Week High
₱0.200
52-Week Low
₱0.116
Market Data
Trade Volume
₱15,600
Market Cap
₱640.00 Million
P/E Ratio
-
Earnings Per Share
₱0.00000
Book Value
₱0.800
Company Profile
Coal Asia Holdings Incorporated (COAL) was incorporated on June 11, 2012 primarily to be the holding company of Titan Mining and Energy Corporation (TMEC), which is engaged in the operations of coal mining and energy-related business.
The Company owns 100% equity interest in TMEC. TMEC currently owns Coal Operating Contracts (COC) in Davao Oriental and in Zamboanga Sibugay. In 2016, preliminary mine development activities commenced at the Davao Oriental project, although TMEC is still awaiting the conversion of the COC from exploration to development and production. TMEC submitted a five-year work program with feasibility study for the Zamboanga Sibugay project to the Department of Energy (DOE) in August 2016.
In 2017, the group submitted all the requirements for the conversion to the DOE. The conversion was approved by the DOE. On December 11, 2019, the DOE converted TMEC's COC from exploration to development and production phase on the condition that TMEC shall secure the consent of the National Commission on Indigenous Peoples prior to the execution of development activities on the field.
Source: SEC Form 17-A (2022)
Stock Information
Sector
Mining & Oil
Subsector
Mining
Outstanding Shares
4,000,000,004
Share Type
Common
ISIN
PHY1671E1083
Board Lot
10000