Rhino Resource Partners: Rebound Hinges on Price
Post# of 147
Posted On: 04/03/2013 11:46:57 AM
Rhino Resource Partners: Rebound Hinges on Price of Coal
Over the past few years, coal prices have plummeted. The global recession caused companies to cut back on production, which meant they needed less power from coal. In addition, the world is slowly shifting to alternative sources of energy like wind, solar, and natural gas. For a small-cap coal company like Rhino Resource Partners (NYSE: RNO), this has not been welcome news. This company’s revenues and share price both fell sharply along with the price of coal. Rhino’s share price is down about 50 percent since 2011.........
Continue Here: http://emerginggrowth.com/investing_today/rhino-resource-partners-rebound-hinges-on-price-of-coal/04/03/2013
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