Australia's Coronado Global Resources falls on lower quarterly output

Coronado Global Resources

29/10/2024 01:01

** Shares of Coronado Global Resources  CRN.AX  fall as much
as 5.5% to A$0.998, their lowest since Sept 24
    ** Stock marks its weakest trading session since Oct 8 
    ** CRN among biggest losers on the benchmark
    ** Metallurgical coal producer posts 14.9% drop in quarterly
run-of-mine production to 6.3 metric tons (Mt) from the June
quarter
    ** Says saleable production fell 6.9% on a quarterly basis
in the period ended September to 3.8 Mt
    ** Stock has fallen 43% YTD

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com))