James River Coal Company News

Despite an upgrade of the entire coal sector by Goldman Sachs, and a major rally in the indices shares of James River Coal Company closed lower by 4%. At the open, JRCC shares rallied along with other coal stocks and the broader indices, but the stock would reverse course to end lower.

NEW YORK -- James River Coal Company hit a new 52-week low Tuesday as it is currently trading at $2.94, below its previous 52-week low of $2.95 with 1.5 million shares traded as of 2:20 p.m. ET.

A warm winter, stricter regulations, and an increasing number of power plant switching to natural gas from coal have all been contributing factors to coal's slide.

Since I wrote Darkest Star in the Commodities Boom , things have lined up for a historic coal bull market .

I have previously discussed why US coal is bullish and why the US coal sector always rebalances promptly to boost coal price.