Just an amazing divergence between every major commodity skyrocketing and Coking coal languishing at such depressed levels. Coking coal over the past decade has a near 90% correlation with thermal, yet this correlation has fallen to near zero. Iron Ore, also a key ingredient in steel making like coking coal, at decade highs while coking coal prices are depressed. I would be very surprised if this divergence doesn't correct itself, most likely with a strong rebound in coking prices which would put a rocket under CRN.
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Just an amazing divergence between every major commodity...
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$1.15 |
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0.043(3.83%) |
Mkt cap ! $1.936B |
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19 | 34067 | 1.150 |
19 | 45008 | 1.145 |
10 | 119947 | 1.140 |
5 | 65812 | 1.135 |
Price($) | Vol. | No. |
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1.160 | 37706 | 15 |
1.165 | 111764 | 23 |
1.170 | 103600 | 15 |
1.175 | 118468 | 8 |
1.180 | 3916 | 1 |
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