Bloomberg News

New World Resources Declines for Third Week to Three-Month Low

March 23, 2012

New World Resources Plc (NWR), the Czech Republic’s biggest producer of coking coal, fell to a three- month low, extending its third week of declines.

The stock retreated as much as 1.5 percent to the lowest intraday level since Dec. 21 before paring its loss to 0.8 percent at 128.9 koruna by 1:10 p.m. in Prague. NWR is down 5.4 percent this week and 19 percent in March.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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