Arch Resources Inc. Class A (NYSE:ARCH) traded at a new 52-week high today of $64.14. This new high was reached on below average trading volume as 96,000 shares traded hands, while the average 30-day volume is approximately 405,000 shares.
In the past 52 weeks, Arch Resources Inc. Class A share prices are bracketed by a low of $27.66 and a high of $64.14 and is now at $62.76, 127% above that low price.
Arch Resources Inc is a producer of metallurgical and coking coal. The company sells its coal to power plants, steel mills, and industrial facilities. Its operating segment includes Powder River Basin (PRB); Metallurgical (MET); Other Thermal and Corporate. The company generates maximum revenue from the Powder River Basin (PRB) segment. Its PRB segment containing the company’s primary thermal operations in Wyoming. The MET segment, containing the company’s metallurgical operations in West Virginia, and the Other Thermal segment containing the company’s supplementary thermal operations in Colorado and Illinois. Geographically, it derives a majority of revenue from Europe.
Arch Resources Inc. Class A (NYSE:ARCH) has potential upside of 1.5% based on a current price of $62.76 and analysts’ consensus price target of $63.67.
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