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How much is Arch Resources offering?
tax-exempt market through the West Virginia Economic Development Authority, as a follow-on to its $53.1 million offering in July 2020.
What is Arch Resources?
Arch Resources, Inc. (NYSE: ARCH) announced today that it has issued $45.0 million of bonds in the U.S. tax-exempt market through the West Virginia Economic Development Authority, as a follow-on to its $53.1 million offering in July 2020. The bonds are subject to a mandatory tender for purchase by the company on July 1, 2025. The proceeds will be used to fund a portion of the ongoing construction of the world-class Leer South mine in Barbour County, West Virginia, which is expected to commence longwall production in the third quarter of 2021.
Is Arch Resources a non profit?
Arch Resources, Inc. (NYSE: ARCH) today announced that it has joined ResponsibleSteel™, the steel industry's first global not-for-profit multi-stakeholder standard and certification initiative. Arch is the first and only U.S. metallurgical coal producer to join the organization to date.
Signals & Forecast
The Arch Coal Inc. Class A stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $108.36 and $105.61. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Arch Coal Inc. Class A finds support just below today's level at $108.36.
Is Arch Coal Inc. Class A stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Arch Coal Inc. Class A stock to perform well in the short-term.
Insiders are positive buying more shares than they are selling in Arch Coal Inc. Class A
In the last 100 trades there were 260.21 thousand shares bought and 139.83 thousand shares sold. The last trade was done 15 days ago by Lorson John W who bough 650 shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.