Alpha Metallurgical Resources, Inc. press release
Shares of Alpha Metallurgical Resources Inc. (AMR) Rise Above Previous 52-Week High
NYSE - New York Stock Exchange · Coal · United States
Alpha Metallurgical Resources Inc. (NYSE:AMR)traded today at a new 52-week high of $40.00. This new high was reached on below average trading volume as 58,000 shares traded hands, while the average 30-day volume is approximately 242,000 shares.
Potential upside of 100.2% exists for Alpha Metallurgical Resources Inc., based on a current level of $39.02 and analysts' average consensus price target of $78.11.
Alpha Metallurgical Resources Inc is a Tennessee-based coal mining company with operations across Virginia and West Virginia. The company's portfolio of mining operations consists of underground mines, surface mines and coal preparation plants. It produces low-ash metallurgical coal, including High-Vol. A, Mid-Vol., High-Vol. B, and Low-Vol. coal, which is shipped to domestic and international coke and steel producers. The reportable segments of the company are Met and CAPP - Thermal, of which key revenue is derived from the Met segment. It extracts, processes and markets met and thermal coal from deep and surface mines for sale to steel and coke producers, industrial customers, and electric utilities.
Over the past year, Alpha Metallurgical Resources Inc. has traded in a range of $3.92 to $40.00 and is now at $39.02, 895% above that low.
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