Century Aluminum Company Closes Above 200-Day Moving Average, Hits $16.35

Tuesday, Jan 04, 2011
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Shares of Century Aluminum Company (NASDAQ: CENX) closed above its 200-day moving average on Monday. The stock has a 200-day moving average of $12.50 and last traded at $16.35.


Century Aluminum Company (Century) is engaged in producing aluminum. The primary aluminum capacity includes the facility in Grundartangi, Iceland with capacity of 260,000 metric tons per year (mtpy), the facility in Hawesville, Kentucky (Hawesville) with capacity of 244,000 mtpy; a facility in Ravenswood, West Virginia (Ravenswood), currently curtailed, with capacity of 170,000 mtpy; and a 49.7% interest in a facility in Mt. Holly, South Carolina (Mt. Holly), which provides with capacity of 111,000 mtpy. In addition to the primary aluminum assets, the Company also have a 40% stake in Baise Haohai Carbon Co., Ltd. (BHH), a carbon anode and cathode facility located in the People’s Republic of China. In March 2009, Century curtailed one potline at the Hawesville facility. It is operating four potlines with a capacity of 195,000 mtpy. In February 2009, the Company curtailed all the operations at the Ravenswood facility.


Century Aluminum Company (NASDAQ: CENX) traded up 6.06% during mid-day trading on Monday. The stock has a 52 week low of $8.25 and a 52 week high of $18.77. The company has a market cap of $1.528 billion and a price-to-earnings ratio of N/A.

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