{"id":7467,"date":"2013-06-10T07:37:54","date_gmt":"2013-06-10T11:37:54","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=7467"},"modified":"2013-06-10T07:37:54","modified_gmt":"2013-06-10T11:37:54","slug":"james-river-coal-company-nasdaqjrcc-shares-lose-by-11-19","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/james-river-coal-company-nasdaqjrcc-shares-lose-by-11-19-7467","title":{"rendered":"James River Coal Company (NASDAQ:JRCC) shares lose by 11.19%"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 06\/10\/2013 (wallstreetpr) &#8211;\u00a0James River Coal Company (NASDAQ:JRCC) had been downgraded from perform rating to underperform rating owing to weak fundamentals in the environment. The shares of James River Coal Company (NASDAQ:JRCC) had declined by 11.19 percent to close at $2.54 per share for the end of last trading session on Friday. The shares of the company had been trading with an intraday high price of $2.63 per share and intraday low price of $2.40 per share during the day. The shares of James River Coal Company (NASDAQ:JRCC) had recorded 52 week high price level of $5.89 per share and 52 week low price level of $1.46 per share.<\/p>\n<p style=\"text-align: justify;\">The company with eight active coal mining complexes located in eastern Kentucky, southern West Virginia an southern Indiana is primarily engaged in the processing and selling of thermal and metallurgical coal. James River Coal Company (NASDAQ:JRCC) operates its mining activities through two major business segments in the coal basins of Central Appalachia and the Midwest.<\/p>\n<p style=\"text-align: justify;\">The shares of the coal mining company had recently been witnessing declines in prices with trading volumes higher than the average levels. James River Coal Company (NASDAQ:JRCC) recently announced that it had entered into a privately negotiated agreement which would thereby enable the company to exchange existing convertible notes of value $243.4 for new senior convertible notes of value $123.3 million.<\/p>\n<p style=\"text-align: justify;\">The company had already reserved sufficient shares of the common stock in order to enable the conversion of these notes in the future. The conversion of the new senior convertible notes into common stock is scheduled to occur in the years of 2015 and 2018.<\/p>\n<p style=\"text-align: justify;\">James River Coal Company (NASDAQ:JRCC) presently holds 35.86 million shares outstanding in the market with an institutional ownership of 31 percent of its holdings. The shares of the coal mining company witnessed the trade\u00a0 of 2.01 million shares on Friday, while the average trading volume is at 1.88 million shares per day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 06\/10\/2013 (wallstreetpr) &#8211;\u00a0James River Coal Company (NASDAQ:JRCC) had been downgraded from perform rating to underperform rating owing to weak fundamentals in the environment. [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":7468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[2215,2216],"stock_ticker":[],"class_list":["post-7467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-james-river-coal-company-nasdaqjrcc","tag-nasdaqjrcc","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>James River Coal Company (NASDAQ:JRCC) shares lose by 11.19% - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/james-river-coal-company-nasdaqjrcc-shares-lose-by-11-19-7467\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"James River Coal Company (NASDAQ:JRCC) shares lose by 11.19% - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 06\/10\/2013 (wallstreetpr) &#8211;\u00a0James River Coal Company (NASDAQ:JRCC) had been downgraded from perform rating to underperform rating owing to weak fundamentals in the environment. 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