Shares of Alliance Resource Partners L.P. (NASDAQ:ARLP) traded at a new 52-week high today of $15.19. This new high was reached on below average trading volume as 253,000 shares traded hands, while the average 30-day volume is approximately 612,000 shares.
In the past 52 weeks, shares of Alliance Resource Partners L.P. have traded between a low of $5.33 and a high of $15.19 and is now at $15.08, which is 183% above that low price.
Alliance Resource Partners LP operates as a coal mining company based in the United States. It functions through threesegments; Illinois Basin, Appalachia, and and Minerals. The Illinois Basin activity comprises of 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, on the other hand, consists of multiple operating segments, including the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining mining complex.
Alliance Resource Partners L.P. (NASDAQ:ARLP) is currently priced 3.5% above its average consensus analyst price target of $14.55.
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