Bloomberg reported that New World Resources failed to meet 2012 sales targets, which sent its stock tumbling.
As quoted in the market report:
The biggest Czech producer of coking coal, the most-traded stock in the PX (PX) index today and the worst performer, tumbled 4.5 percent to 95.50 koruna by 12:40 p.m. in Prague. A close at that level would mark the shares’ biggest one-day drop since Nov. 15.
Love It Or Hate It: 40% Of Electricity In The United States Is Generated From Coal. China uses even more.
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