Biggest private coal miner goes bust after Trump rescue fails [Business News Network (BNN) Energy & Resources (Canada)]
NACCO Industries, Inc. (NC)
US:NYSE Investor Relations:
nacco.com/investor-relations/investor-relations-home/default.aspx
Company Research
Source: Business News Network
Biggest private coal miner goes bust after Trump rescue fails Robert E. Murray, the U.S. coal baron who pressed the Trump administration to help save America’s struggling miners, placed his company into bankruptcy as demand for the fossil fuel continues to weaken. Murray Energy Holdings Co. filed for Chapter 11 protection in the U.S. Bankruptcy Court in Columbus, Ohio, to restructure more than US$2.7 billion of debt. The miner -- the largest privately owned U.S. coal company -- reached a restructuring support agreement with lenders who hold more than 60 per cent of a US$1.7 billion loan, the company said in a statement. The deal provides a new US$350 million loan to keep operations going during the reorganization. The bankruptcy comes more than a year after the Trump administration’s efforts to subsidize struggling nuclear and coal-fired power plants failed, shot down by Trump’s own appointed energy regulators. Some of those plants were Murray Energy’s customers. Robert Murray, a big
Show less
Read more
Impact Snapshot
Event Time:
NC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NC alerts
High impacting NACCO Industries, Inc. news events
Weekly update
A roundup of the hottest topics
NC
News
- NACCO INDUSTRIES ANNOUNCES FIRST QUARTER 2024 RESULTS [Yahoo! Finance]Yahoo! Finance
- NACCO INDUSTRIES ANNOUNCES FIRST QUARTER 2024 RESULTSPR Newswire
- Jeff Martin Auctioneers to Manage Sale of Sabine Mining Company Assets for North American CoalPR Web
- Jeff Martin Auctioneers to Manage Sale of Sabine Mining Company Assets for North American Coal [Yahoo! Finance]Yahoo! Finance
- NACCO INDUSTRIES ANNOUNCES DATES OF 2024 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALLPR Newswire
NC
Analyst Actions
- 3/8/24 - TheStreet
NC
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/10/24 - Form ARS
- NC's page on the SEC website