I would say weather and coal price during December qtr.
I think the pic below tells the story in short.
No production + fixed costs and variable costs because of weather is not good for any coal producer - coking or thermal.
Even with an increasing coal price albeit, only 5% increase since start of CY2023
Takeover from Peabody, page-57
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Last
$1.12 |
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-0.033(2.81%) |
Mkt cap ! $1.927B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.16 | $1.12 | $1.235M | 1.082M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 38970 | $1.12 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 70607 | 28 |
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