Alpha Natural Resources, Inc. (NYSE:ANR) Plans to Idle Four Mines Leaving Two Hundred Miners Jobless - USU, URRE, GSM

Pompano Beach, FL -- (SBWIRE) -- 01/07/2013 -- No Limit Stocks - NOLIMITSTOCKS.com covers all the latest on up and coming stocks in the market. No limit Stocks team contain experts that study and analyzes the stock market and help individuals break through the limits and make them better & more successful investors.

Alpha Natural Resources, Inc. (NYSE:ANR), a coal firm Alpha Natural Resources declared recently it will stop 4 underground mines in Harlan and Letcher regions. Two hundred miners will lose their occupations, whereas almost sixty people will be moved to other locations or other mines.

Is ANR a Solid Investment at These Levels? Read This Report For Details

The mines that will be halted are the Cloverlick #1 and #3 mines in Cumberland, the Panther Mine nearby Cumberland and the North Fork #4 Mine in Partridge.

There are all thermal coal mines, the coal mined there is utilized in power plants, and all were legacy processes from Massey Energy. Alpha bought Massey in 2011, but the business pressures there's no link between the mines' previous owner and the judgment to idle the mines.

At the current trading session, Alpha Natural Resources, Inc. (NYSE:ANR) shares are up +2.41% to $10.63 while the stocks are trading within the range of $10.22 – $10.74. In the past year, the stock has traded within a range of $5.28 – $23.68. Average daily trading volume is 15.44 million shares.

For How Long ANR will Fight for Profitability? Read This Trend Analysis report

If we look at a few other stocks within industry, USEC Inc., Uranium Resources, Inc. and Globe Specialty Metals, Inc. were in the gainers list. Let’s have a quick look on their Market performance.

USEC Inc. (NYSE:USU) shares are up +2.37% to $0.639 while the stock is trading within the range of $0.63 – $0.66 in the current trading session. In the last 12 months the shares have traded between $0.47 and $1.93. The average daily trading volume is 792,795 shares.

Will USU Continue To Move Higher? Find Out Here

Uranium Resources, Inc. (NASDAQ:URRE) shares in the current session moved up +8.31 reaching $0.390. The stocks are trading in a range of $0.37 – $0.41. In the last year the stock has moved within a range of $0.30 – $1.21. The Company’s average daily trading volume is 595,284 shares.

Why Should Investors Buy URRE After The Recent Gain? Just Go Here and Find Out

Another rival company, Globe Specialty Metals, Inc. (NASDAQ:GSM), is trading up +2.01% to $14.68. Intraday trading recorded the stock price in a range of $14.21 to $14.68. In the previous 52 weeks the stock’s price ranged between $11.41 and $17.23. Their average daily trading volume is 385,834 shares.

What was the Moving Force behind GSM On Bullish Run? Read This Research Report

About No Limit Stocks
NOLIMITSTOCKS.com is made up of a team of professional analyst that possess over 30 years of expert, stock market experience. Our goal is to research thousands of companies and provide investors with the latest insights in the market with stocks that can make explosive profits. We study the hottest companies so you don't have to!

Our newsletter is always free to Join and offers a variety of useful investors tools that will help you break the limits! There will be no regrets!

Disclaimer
The assembled information disseminated by nolimitstocks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. nolimitstocks.com does expect that investors will buy and sell securities based on information assembled and presented in nolimitstocks.com. PLEASE always do your own due diligence, and consult your financial advisor.