Shares of Alliance Resource Partners L.P. (NASDAQ:ARLP) traded at a new 52-week high today of $15.62. Approximately 253,000 shares have changed hands today, as compared to an average 30-day volume of 630,000 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) defies analysts with a current price ($15.58) 1.4% above its average consensus price target of $15.37.
Over the past year, Alliance Resource Partners L.P. has traded in a range of $5.33 to $15.62 and is now at $15.58, 192% above that low.
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