Australia's Coronado Global Resources extends gains on talks to raise $150 million

Coronado Global Resources

06/06/2025 06:33

June 6 (Reuters) - ** Coronado Global Resources CRN.AX rises as much as 15.2% to A$0.190, its highest since May 16

** Coal producer said on Thursday it was in talks with Queensland's state electricity corp, Stanwell, to provide up to $150 million in return for additional coal supply

** CRN extends gains after closing 13.4% higher on Thursday

** Stock changes ~36.1 million hands, vs its 30-day average of ~17.2 mln

** Stock last up 6.1%, trimming YTD gains 76.8%

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.SinghChundawat@thomsonreuters.com;))