Shares of Mechel PAO American Depositary Shares (each representing one-half of a Preferred Share) (NYSE:MTL.P) traded at a new 52-week high today of $1.85. This new high was reached on below average trading volume as 57,000 shares traded hands, while the average 30-day volume is approximately 414,000 shares.
In the past 52 weeks, Mechel PAO American Depositary Shares (each representing one-half of a Preferred Share) share prices are bracketed by a low of $0.36 and a high of $1.85 and is now at $1.80, 400% above that low price.
Mechel PAO is a vertically integrated group operating into three industrial segments Mining, Steel and Power. The mining segment produces metallurgical coal (coking coal, PCI and anthracite), steam coal, iron ore and iron ore concentrate, coke and chemical products. The segment consists of its coal, iron ore and coke production facilities in Russia. The steel segment produces and sells semi-finished steel products, long products of a wide range of steel grades, carbon and stainless flat steel products and high value-added metal products, including wire products, stampings and forgings, structural shapes, beams and rails. The power segment sells electricity and capacity to the wholesale market. The majority of the revenue is derived from the Steel segment.
Based on a current price of $1.80, Mechel PAO American Depositary Shares (each representing one-half of a Preferred Share) is currently 97.6% above its average consensus analyst price target of $0.04.
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