(NYSE:CINR) Ciner Resources LP Lowers The 52 Week Low

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Ciner Resources LP (NYSE:CINR)

December 6th, 2018
Ciner Resources LP fell $0.22 Thursday which equals a 0.94% drop, closing at $23.21. As well as the drop in value, Ciner Resources LP hit a new 52 week low of $22.80, breaking the previous low of $23.12 from earlier this month. Despite the drop in value, trading volumes were solid at 202% of normal which can indicate investor opportunities.

CINR outperformed the rest of the Materials sector which went down only 1.36% today.

Results from 3 analysts indicates that Ciner Resources LP might go up quite a bit (14%), while Finbox has calculated (with high uncertainty) a fair value price of $31.57.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector falling 13%.

Communication Services saw the biggest turnaround from its 5-day performance of -0.23%, as it went up 1.04%. Energy and Materials both saw turn arounds from their five day positive performance, Energy with a drop of 1.77%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

Ciner Resources LP Info

Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has approximately 23,500 acres of leased and licensed subsurface mining areas in the Green River Basin of Wyoming. As of December 31, 2017, it had proven and probable reserves of approximately 240.1 million short tons of trona. Ciner Resource Partners LLC serves as the general partner of the company. The company was formerly known as OCI Resources LP and changed its name to Ciner Resources LP in November 2015. Ciner Resources LP is based in Atlanta, Georgia. Ciner Resources LP is a subsidiary of Ciner Wyoming Holding Co.

All amounts in USD unless otherwise indicated

CINR daily update
CINR daily update


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