Dallas, Texas 11/21/2013 (Financialstrend) – In Wednesday’s trading session, Alpha Natural Resources, Inc (NYSE:ANR) dropped by 0.81%. The opening price of the shares was $7.40, which climbed to an intraday high of $7.60 and headed to close at $7.32. Around 6.74 million shares were exchanged on Wednesday while the average-volume of 13.07 million shares were traded over a 30 day period. The 52-week low of Alpha Natural Resources, Inc (NYSE:ANR) shares is $4.78 while the 52-week high is $10.74. The company has a market capitalization of $1.62billion.
About the company
Alpha Natural Resources, Inc (NYSE:ANR) was formed on 29th November 2004. It is a supplier & an exporter of metallurgical-coals. These metallurgical coals are utilized in the steel-making process & the company also supplies thermal coal to various electric utilities & manufacturing industries. In addition to this, Alpha Natural Resources, Inc (NYSE:ANR) also exports thermal coal. As of 31st December 2012, Alpha Natural Resources, Inc (NYSE:ANR) operated 107 different mines as well as 26 different coal-operations. All of these operations were situated in the Central and Northern Appalachian region as well as in the Power River Basin.
Alpha Natural Resources, Inc (NYSE:ANR) operates in 2 business segments: first- Eastern Coal Operations and second- Western coals Operations. The company’s Eastern Coal Operations segment is made up of the mines in Central and Northern Appalachia, its coal-brokerage activities & its road-construction business. Its Western Coal Operations are made up of 2 Powder River Basin-mines that are situated in Wyoming. Alpha Natural Resources, Inc (NYSE:ANR) uses 5 different mining-techniques via which it extracts coal from the ground. This includes longwall mining, & room-and-pillar mining as well as truck-and-shovel mining & truck & front-end loader mining as well as highwall mining.
Eastern Coal Operations
Alpha Natural Resources, Inc (NYSE:ANR)’s operations that are located in Northern Appalachia are made up of its Cumberland &Emerald mining complexes and 5 underground mines & 9 surface mines & 2 additional preparation plants.
