Westmoreland Coal (WLB) Bonds Rise 1.3% During Trading

An issue of Westmoreland Coal (NASDAQ:WLB) debt rose 1.3% as a percentage of its face value during trading on Thursday. The high-yield issue of debt has a 8.75% coupon and will mature on January 1, 2022. The bonds in the issue are now trading at $28.75. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.

WLB stock traded down $0.05 during trading on Friday, hitting $0.15. The stock had a trading volume of 3,753,486 shares, compared to its average volume of 713,237. The company has a current ratio of 0.27, a quick ratio of 0.19 and a debt-to-equity ratio of -0.09. Westmoreland Coal has a twelve month low of $0.15 and a twelve month high of $11.98. The stock has a market cap of $2.82 million, a price-to-earnings ratio of -0.04 and a beta of 1.00.

About Westmoreland Coal (NASDAQ:WLB)

Westmoreland Coal Company, through its subsidiaries, operates as an energy company. The company operates through Coal – U.S., Coal – Canada, Coal – WMLP, and Power segments. It produces and sells sub-bituminous coal and lignite to power plants. The company owns and operates coal mines in Montana, North Dakota, Ohio, and Texas, the United States; and Alberta and Saskatchewan, Canada.

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