CNMC share price could double in a year: PhillipCapital

Singapore

CNMC Goldmine Holdings' share price, which has soared 184 per cent so far this year, could double in a year, according to a local brokerage.

Shares in the Malaysian gold producer could reach S$1.03, said PhillipCapital analyst Chen Guangzhi in a report on Thursday where he initiated coverage on the company. The stock closed the day one cent higher at S$0.525.