Shares of Alpha Metallurgical Resources Inc. (NYSE:AMR) traded at a new 52-week high today of $78.89. This new high was reached on below average trading volume as 87,000 shares traded hands, while the average 30-day volume is approximately 306,000 shares.
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 492.7% for shares of Alpha Metallurgical Resources Inc. based on a current price of $74.96 and an average consensus analyst price target of $444.26.
Over the past year, Alpha Metallurgical Resources Inc. has traded in a range of $11.13 to $78.89 and is now at $74.96, 573% above that low.
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