DALLAS, July 9, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring International Coal Group Inc. (NYSE:ICO). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/ICO
ICO has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than normal. Additionally, ICO is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
International Coal Group Inc. (ICO) is a producer of coal in Northern and Central Appalachia with a range of mid to high British thermal units (Btu), low to medium sulfur steam and metallurgical coal. The Company's Appalachian mining complexes are located in West Virginia, Kentucky, Virginia and Maryland. It also has a complementary mining complex of mid to high sulfur steam coal located in the Illinois Basin. ICG markets its coal to a customer base of largely investment grade electric utilities, as well as domestic and international industrial customers. The Company has three business segments, which are based on the coal regions in which it operates: Central Appalachian, comprised of both surface and underground mines; Northern Appalachian, comprised of both surface and underground mines; and Illinois Basin, representing one underground mine.
Message Board Search for ICO: http://www.microstockprofit.com/lp/ICO
In the report, the analyst notes:
"ICO said in its first-quarter report that it expects to sell between 16.8 million and 17.2 million tons of coal, including approximately 2.6 million tons of metallurgical coal, this year. The average selling price is projected to be $64.00 to $65.00 per ton, with an average cost of $51.00 to $52.00 per ton, excluding selling, general and administrative expenses.
"Amid strong market for metallurgical coal, and growing evidence of improving thermal coal pricing, ICO announced early in June that it will resume construction on a new West Virginia underground mine. … When fully operational, the Tygart No. 1 mine is expected to produce 3.5 million tons per year of premium high-volatile metallurgical and high-quality thermal coal."
To read the entire report visit: http://www.microstockprofit.com/lp/ICO
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