Shares of Alpha Metallurgical Resources Inc. (NYSE:AMR) traded at a new 52-week high today of $78.60. Approximately 176,000 shares have changed hands today, as compared to an average 30-day volume of 296,000 shares.
Over the past year, Alpha Metallurgical Resources Inc. has traded in a range of $11.13 to $78.60 and is now at $77.38, 595% above that low.
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.
There is potential upside of 499.4% for shares of Alpha Metallurgical Resources Inc. based on a current price of $77.38 and an average consensus analyst price target of $463.79.
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