Bowen Coking Coal drops amid broader market weakness

Bowen Coking Coal

26/04/2022 07:11

** Australia's Bowen Coking Coal Ltd  BCB.AX  falls as much
as 11.5% to A$0.27, biggest intraday pct loss since March 15
    ** Coal miner's share drop in line with weakness in the
broader energy index  .AXEJ , which is down 4%
    ** BCB signs documentation with Taurus Mining Finance Fund
for amortisable term loan of $55 mln for debt financing purposes
 urn:newsml:reuters.com:*:nASX7715mz
    ** Bowen plans to use the debt facility for capital
expenditure and other expenses related to project development
    ** Over 5 mln shares change hands, vs 30-day avg volume of
2.8 mln
    ** Stock up 74.3% this year, as of last close

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com))