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The Street reported that shares of Patriot Coal (NYSE:PCX) rallied as the company said it was in talks to secure financing.
The Street reported that shares of Patriot Coal (NYSE:PCX) rallied as the company said it was in talks to secure financing.
As quoted in the market news:
Shares of Patriot rose 12 cents, or 5.5 percent, to $2.30 in midday trading. But shares had lost 63 percent of their value in May alone. The stock is worth about 10 percent of its price on this day a year ago at $21.27.