Westmoreland Coal (NASDAQ:WLB)’s share price shot up 21.1% on Tuesday . The stock traded as high as $0.70 and last traded at $0.69. 1,006,239 shares were traded during mid-day trading, an increase of 137% from the average session volume of 423,845 shares. The stock had previously closed at $0.57.
Several brokerages recently weighed in on WLB. Zacks Investment Research upgraded Westmoreland Coal from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd. B. Riley restated a “buy” rating on shares of Westmoreland Coal in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Westmoreland Coal has a consensus rating of “Hold” and a consensus target price of $6.00.
The company has a current ratio of 1.04, a quick ratio of 0.71 and a debt-to-equity ratio of -1.32. The stock has a market cap of $10.66, a P/E ratio of -0.09 and a beta of 0.48.
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Westmoreland Coal Company Profile
Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.
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