Alpha Metallurgical Resources Sees New Investment from Cannell & Spears LLC

Firm purchases 33,348 shares of the energy company's stock, valued at approximately $5.5 million.

Mar. 16, 2026 at 8:38am

Got story updates? Submit your updates here. ›

Cannell & Spears LLC, an investment management firm, has purchased a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR), according to a recent SEC filing. The firm acquired 33,348 shares of the energy company's stock, valued at approximately $5.47 million, giving them a 0.26% ownership stake in Alpha Metallurgical Resources.

Why it matters

This investment by Cannell & Spears LLC represents a vote of confidence in Alpha Metallurgical Resources, a leading producer of high-grade metallurgical coal primarily serving the global steel industry. The firm's purchase suggests they see growth potential in the company's operations and future prospects.

The details

According to the SEC filing, Cannell & Spears LLC acquired the 33,348 shares of Alpha Metallurgical Resources in the third quarter. This represents a new position for the investment firm in the energy company. Alpha Metallurgical Resources, headquartered in Bristol, Virginia, operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins, focusing on premium raw and semi-soft coking coal products.

  • Cannell & Spears LLC purchased the 33,348 shares of Alpha Metallurgical Resources in the third quarter.

The players

Cannell & Spears LLC

An investment management firm that has purchased a new position in shares of Alpha Metallurgical Resources, Inc.

Alpha Metallurgical Resources, Inc.

A leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. The company operates multiple mining complexes across the central Appalachian and Illinois basins.

Got photos? Submit your photos here. ›

The takeaway

Cannell & Spears LLC's investment in Alpha Metallurgical Resources suggests the firm sees strong growth potential in the company's metallurgical coal operations, which serve the global steel industry. This represents a vote of confidence in Alpha Metallurgical Resources' business model and future prospects.