Shares of Alliance Resource Partners L.P. (NASDAQ:ARLP) traded at a new 52-week high today of $26.60. This new high was reached on above average trading volume as 69.4 million shares traded hands, while the average 30-day volume is approximately 753,000 shares.
Alliance Resource Partners LP operates as a coal mining company based in the United States. It has four segments Illinois Basin, Appalachia, Oil & Gas Royalties and Coal Royalties. The Illinois Basin comprises underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia and it makes up for most of the company’s revenue-generating operations. The Appalachia segment comprises the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex. The Oil & Gas Royalties has oil & gas mineral interests held by AR Midland and AllDale I & II and includes Alliance Minerals’ equity interests in both AllDale III and Cavalier Minerals. The Coal Royalties has includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.
Alliance Resource Partners L.P. (NASDAQ:ARLP) is currently priced 1.0% above its average consensus analyst price target of $15.23.
In the past 52 weeks, Alliance Resource Partners L.P. share prices are bracketed by a current low of $2.63 and a high of $16.35 and is now at $15.38.
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