Australia's Coronado Global plunges 33% on widening nine-month loss

Coronado Global Resources

11/11/2025 01:07

** Coronado Global Resources CRN.AX plunges as much as 33.8% to A$0.245; set for steepest intraday pct decline ever

** Coal producer hits lowest since August 12; top loser on ASX All Ordinaries Index .AORD

** Co's net loss attributable widens to $281.9 mln in nine months to September vs year-ago $54.8 mln

** Total revenue falls to $1.4 bln from $1.95 bln last year

** Says results negatively impacted by subdued metallurgical coal markets due to continued softness in steel demand, ample global supply

** Stock sees busiest day since September 19, with ~35 million shares traded - ~4.1x the 30-day avg

** CRN last down 31.1%, taking YTD losses to ~66%

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))