NEW YORK (TheStreet) -- Shares of Alpha Natural Resources (ANR) are tanking, down 7.77% to $1.65 in afternoon trading Wednesday, reversing gains on its announcement for the completion of its Amfire Mining assets sale to Rosebud Mining yesterday.
The metallurgical and thermal coal producer's transaction was valued at about $86 million, including $75 million in cash.
The asset sale included 10 mines and four preparation plants as well as loadouts in seven counties throughout Pennsylvania.
Exclusive Report: Jim Cramer's Best Stocks for 2015
Bristol, VA-based Alpha is a supplier and exporter of metallurgical coals for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries, as well as a exporter of thermal coal.
Separately, TheStreet Ratings team rates ALPHA NATURAL RESOURCES INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALPHA NATURAL RESOURCES INC (ANR) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, poor profit margins, generally disappointing historical performance in the stock itself and generally high debt management risk."