Walter Energy Shooting Up 4%

Walter Energy, Inc. WLT is shooting up higher today, gaining more than 4% on extremely heavy volume. Coal stocks, like Peabody BTU and Alpha Natural Resources ANR are continuing to run, and Walter Energy is a part of this group. This comes as demand both here and abroad continue to strengthen for coal as a source of energy. Coal is one of the cheapest, if not the cheapest source of energy, and China continues to add coal plants. At last check, shares of WLT gained $4.68 to $115.66, a gain of 4.2%. Walter Energy produces and exports metallurgical coal for the steel industry primarily in the United States. The company also produces steam coal, coal bed methane gas, metallurgical coke, and other related products.