FBR & Co Initiates Coverage on Arch Coal Inc. (ACIIQ)
FBR & Co initiated coverage on shares of Arch Coal Inc. (OTC:ACIIQ) in a report issued on Wednesday, StockTargetPrices.com reports. The brokerage issued an outperform rating on the stock.
Shares of Arch Coal (OTC:ACIIQ) opened at 0.0464 on Wednesday. Arch Coal has a 12 month low of $0.04 and a 12 month high of $4.28. The firm’s 50-day moving average is $0.29 and its 200 day moving average is $0.34. The stock’s market cap is $987995.19.
About Arch Coal
Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.
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