Alcoa Fell From $58 To $38 This Year

The mining company is going down on Friday, April 21. One of the world’s largest aluminum producers is down from $58 to $38 per share this year.

Alcoa Corporation has reported its Q1 results, showcasing a generated revenue of $2.7 billion. Alcoa ended the quarter with a cash balance of $1.1 billion and paid a cash dividend of $0.10 per share of common stock, totaling $18 million. However, the company also announced the permanent closure of the Intalco aluminum smelter in Washington State.

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