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