Monday, 1 June 2015

BTU - still digging toward zero

Whilst the main equity market saw moderate gains, there was notable weakness in some of the coal miners. Peabody Energy (BTU) settled lower by a very significant -8.3% @ $3.10, a new historic low. The low $2s look due later this year.

BTU, daily

BTU, monthly


Little to add.

The horror continues for most coal miners, and BTU could easily be trading under the $3 threshold this week.

*the terrible trio of ACI, ANR, and WLT look far more vulnerable to 'disappearing' than BTU.