James River Shares Jump, Analysts Favouring Coal in Face of Rising Natural Gas Price

The Street reported that shares of James River Coal jumped after analyst upgrade, citing rising natural gas prices making coal more attractive.

As quoted in the market report:

A glut of natural gas in the U.S. and the resulting drop-off in price caused many utilities to switch to gas from coal this year. But higher gas prices could help increase demand for coal again.

To view the full Street report, click here.