Kolkata, West Bengal -- (SBWIRE) -- 09/23/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Arch Coal Inc (NYSE:ACI), Alpha Natural Resources, Inc. (NYSE:ANR), Pan American Silver Corp. (USA) (NASDAQ:PAAS).
Arch Coal Inc (NYSE:ACI) shares fell 5.01% to $4.74. The company on Sept. 20 issued the following statement in response to the U.S. Environmental Protection Agency's proposed New Source Performance Standards (NSPS) announced today:
"The coal-based generation industry has made tremendous progress in reducing emissions in recent years - with non-greenhouse-gas emissions per unit of coal consumed down 90 percent since 1970," said Arch Coal Senior Vice President of Strategy and Public Policy Deck S. Slone. "The newest coal plants far exceed even those reductions, and also have lower greenhouse gas emissions due to their higher efficiency levels.
Additionally, the company on Sept. 11 earned a spot in the 2013 InformationWeek 500. This marks the eighth consecutive year that Arch Coal has been ranked one of the nation's most innovative users of business technology by InformationWeek.
Should Investors Buy ACI After Yesterday’s Jump? Find Out Here
Alpha Natural Resources, Inc. (NYSE:ANR) shares decreased 6.18% to $6.22. Alpha Natural on Sept. 6 has been initiated with an Underperform at Macquarie with a price target of $5.
Additionally, the company on August 28 announced topline results from the ongoing phase 2 of SGI-110 in patients with AML and MDS. The Phase 2 study is a randomized study of SGI-110 given either as 60 or 90 mg/m2 daily for 5 days in a 28-day course. As of end of June data cutoff, 67 AML patients had a minimum follow up of 3 months (50 patients representing the complete cohort of relapsed/refractory AML, and 17 patients in the treatment-naive elderly AML not suitable for induction chemotherapy cohort).
How Should Investors Trade ANR After The Recent Volatility? Get Free Trend Analysis Here
Pan American Silver Corp. (USA) (NASDAQ:PAAS) shares declined 5.59% to $11.14. The company pon August 15 said it produced 6.2 million ounces of silver and 29,900 ounces of gold during the quarter ended June 30, 2013 , generating revenue of $175.6 million and operating cash flows before interest and income taxes of $23.7 million . Given the sharp decline in precious metals during the reporting quarter, the Company incurred a net loss of ( $187.1 ) million or ( $1.23 ) per share, which included a $185.2 million non-cash impairment charge mainly against the goodwill that arose from the purchase of the Dolores mine last year.
Additionally, the company’s Board of Directors has approved the third quarterly cash dividend of 2013 in the amount of $0.125 per common share. Should the Company's Board of Directors continue to approve future quarterly dividends in the same amount, the annual cash dividend paid by Pan American would be $0.50 per common share, which represents a yield of approximately 3.6% based on the Company's closing share price on August 14, 2013.
Should Investors Buy PAAS After Yesterday’s Jump? Find Out Here
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