Column: How a bankruptcy filing shielded a big coal company from California’s climate-change lawsuits
Peabody Energy, the nation’s largest private-sector coal company, joined several of its fellow coal producers in bankruptcy in 2016. Its main goal was to wriggle out from under more than $10 billion in debt it had incurred to expand, even as demand was sharply...
On the chart, we can see that METC has formed a double bottom , and is showing bullish movements already.
RSI is showing bullish divergence and crossing.
It can be entered either at the
breakout point or at the current strong support level .
The first target is purely based on the forming of the setup (TA), while the second target is at the resistance level...
$METC based out from dec'21 and continues riding up its 20MA within a tight channel, also trading beyond its VWAP from ATH. ADR now is at 5.65% to price, and uptick in daily volume for 4 consecutive session.
this is the kind of behavior that may set for a parabolic move imho
Ramaco Resources, Inc. engages in the operation and development of coal mining properties. The firm deals with metallurgical coal in central and southern West Virginia, southwestern Virginia, and southwestern Pennsylvania. Its portfolio consists of Elk Creek, Berwind, RAM Mine, and Knox Creek. The company was founded by Randall W. Atkins in August 2015 and is...
