ARCH - Arch Resources Inc. Class A Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of Arch Resources Inc. Class A (NYSE:ARCH) traded today at $66.38, eclipsing its 52-week high. Approximately 108,000 shares have changed hands today, as compared to an average 30-day volume of 405,000 shares.
Arch Resources Inc is a producer of metallurgical and coking coal. The company sells its coal to power plants, steel mills, and industrial facilities. Its operating segment includes Powder River Basin (PRB); Metallurgical (MET); Other Thermal and Corporate. The company generates maximum revenue from the Powder River Basin (PRB) segment. Its PRB segment containing the company's primary thermal operations in Wyoming. The MET segment, containing the company's metallurgical operations in West Virginia, and the Other Thermal segment containing the company's supplementary thermal operations in Colorado and Illinois. Geographically, it derives a majority of revenue from Europe.
Arch Resources Inc. Class A share prices have moved between a 52-week high of $66.38 and a 52-week low of $27.86 and are now trading 134% above that low price at $65.20 per share.
There is potential upside of 4.6% for shares of Arch Resources Inc. Class A based on a current price of $65.20 and an average consensus analyst price target of $68.22.
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