Knoxville-based coal producer National Coal Corp. is taking a look at possible merger with other coal companies to help it bounce back from a tough year.
National Coal announced Tuesday it has hired a financial advisor to examine merger and other financial alternatives.
The company has battled hard in recent months to restore balance to its balance sheet. It has sold millions of dollars worth of assets and is fighting to avoid delisting by Nasdaq.
Merger is only one strategic option. It will be interesting to see what the advisor recommends.