ARCH - Shares of Arch Resources Inc. Class A (ARCH) Rise Above Previous 52-Week High
Arch Resources Inc. Class A (NYSE:ARCH) traded today at a new 52-week high of $62.63. This new high was reached on below average trading volume as 72,000 shares traded hands, while the average 30-day volume is approximately 396,000 shares.
In the past 52 weeks, shares of Arch Resources Inc. Class A have traded between a low of $27.16 and a high of $62.63 and is now at $60.90, which is 124% above that low price.
Arch Resources Inc. Class A (NYSE:ARCH) is currently priced 2.9% above its average consensus analyst price target of $59.12.
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.
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