Consol Energy Inc. (NYSE: CNX) said on Feb. 8 it nominated Bernard Lanigan, former chief executive of Southeast Asset Advisors, for election to its board.
Consol Energy's annual meeting of shareholders is scheduled for May 11.
Pittsburgh-based Consol, which has shifted its focus to natural gas from coal, raised $101 million in October by selling coal assets, amid low coal prices.
However, the company is also facing low natural gas prices and reported an adjusted loss in the fourth quarter ended Dec. 31.
Consol shares rose about 5% in light premarket trading on Feb. 8.
Up to close on Feb. 5 of $9.10, Consol's stock had slumped more than 70% over the past 12 months, steeper than the 40% fall in the Dow Jones U.S. Basic Resources Index
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