Shares of Arch Resources Inc. Class A (NYSE:ARCH) traded today at $163.21, eclipsing its 52-week high. Approximately 296,000 shares have changed hands today, as compared to an average 30-day volume of 741,000 shares.
Arch Resources Inc. Class A share prices have moved between a 52-week high of $163.21 and a 52-week low of $39.02 and are now trading 318% above that low price at $163.20 per share.
Based on a current price of $163.20, Arch Resources Inc. Class A is currently 6.2% above its average consensus analyst price target of $153.01.
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.
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