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Alpha Metallurgical Resources, Inc.
Alpha Metallurgical Resources, Inc. (NSE: AMR) operates as a mining company. It produces, processes, and sells met coal and thermal coal in Virginia and West Virginia. It operates through two segments, Met and CAPP-Thermal. The Met segments operates five active mines and two preparation plants in Virginia; and seventeen active mines and five preparation plants in West Virginia. The CAPP - Thermal segments operates one active mine and one preparation plant in West Virginia.
Why Investors Should Avoid ‘AMR’ at the current levels
Stock recommendation
Despite underlying commodity prices (Irone and steel) are moving higher on the back of the heightened geo-political tensions, AMR shares are fundamentally not so strong with extremely volatile margins and inconsistency in the topline growth. Also, its shares are trading at a stretched valuation and technical indicators indicates a potential consolidation in the stock in near term. Hence, we recommend an “Avoid” recommendation at the current price of USD 128.56 (as on March 08, 2022, at 01:58 PM ET).
1-Year price chart (as on March 08, 2022, at 01:58 PM ET). Source: REFINITIV, Analysis by Kalkine Group
*The reference data in this report has been partly sourced from REFINITIV.