Australia's Bowen Coking Coal extends gains on upbeat quarterly sales

Bowen Coking Coal

30/12/2024 03:36

** Shares of Bowen Coking Coal  BCB.AX  surges 43% to
A$0.010, set for their best day since March 2013
    ** Coking coal firm closed nearly 17% higher on Fri after
posting a 31% QoQ jump in coal sales for Dec qtr-to-date
    ** Stock is the top gainer on ASX all ordinaries index
 .AORD 
    ** Over 80 mln shares traded, nearly 7x the 30-day average
    ** Still, despite the rally in past two session, the stock
is down 90% YTD

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((jasmeenaraislam.shaikh@thomsonreuters.com))