Small Cap Exclusive (press release) - Jul 26, 2016
Arch Coal Inc (OTCMKTS:ACIIQ) shares were up 3.05% on Monday to $0.423 even though the company faces likely bankruptcy. The company has a market cap of $9.00 million at 21.29 million shares outstanding.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Arch Coal, Inc. ARCH. This Coal industry stock has actually seen estimates narrow over the past month for the current fiscal year by about 37.3%.
ST. LOUIS, June 15, 2016 /PRNewswire/ -- Arch Coal, Inc. ("Arch" or the "company") today announced that it has filed an amended Plan of Reorganization (the "Plan") and a related Disclosure Statement with the United States Bankruptcy Court for the ...
Yesterday, US Coal Producer Arch Coal Inc. (OTCMKTS:ACIIQ) won a court approval in lieu of its reorganization plan, which would result in eliminating debt of around $4.7 billion from the company's balance sheet.