Century Aluminum ( (CENX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Century Aluminum’s stock took a hit following the announcement of a temporary production halt at its Grundartangi, Iceland smelter due to an electrical equipment failure, slashing output by two-thirds. While the company is working to mitigate disruptions and expects insurance to cover the losses, analysts remain cautious. Despite a positive technical outlook and strategic initiatives, concerns about cash flow challenges and the absence of a dividend yield weigh on investor sentiment.
More about Century Aluminum
YTD Price Performance: 72.84%
Average Trading Volume: 1,792,434
Technical Sentiment Signal: Buy
Current Market Cap: $3.2B
For further insights into CENX stock on TipRanks’ Stock Analysis page.
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