Australia's Coronado Global Resources soars on talks to raise $150 mln

Coronado Global Resources

05/06/2025 04:18

June 5 (Reuters) - ** Coronado Global Resources CRN.AX soars as much as 24.1% to A$0.180, highest since May 19

** Coal producer in talks with Queensland's state electricity corp Stanwell for $150 million near-term liquidity in exchange for additional coal supply

** About 2.6 mln shares traded vs 30-day avg of ~1.7 mln

** CRN last up 13.8%, trims YTD losses to 78.4%

 (Reporting by Anjali Singh)

 ((anjali.singh2@thomsonreuters.com;))