Australia's Cokal rises on coal sales update from mine

Cokal

03/04/2024 04:19

** Shares of Cokal  CKA.AX  rise as much as 9.5% to A$0.115,
their biggest intraday gain since March 26
    ** Stock at its highest since March 27
    ** The coal co says barges carrying 7,600 tonnes of product
coal from COKAL'S BBM mine are due to arrive at Taboneo
anchorage on Thursday
    ** Adds additional sales of BBM coking coal have already
been contracted
    ** Stock down 12.5% YTD as of last close

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))