Australia's Coronado Resources falls on weak HY results

Coronado Global Resources

06/08/2024 02:19

** Shares of Australia's Coronado Resources  CRN.AX  fall as
much as 3.1% to A$1.24, their lowest level since July 24
    ** Stock on track to record its third straight week of
losses, if trend holds
    ** Metallurgical coal producer posts HY net income
attributable of US$16.2 mln vs US$199.2 mln reported last year
    ** Adds revenue from ordinary activities for the half year
of US$1.34 bln vs US$1.49 bln last year
    ** Near 743,000 shares change hands as of 0107 GMT, vs
30-day average volume of 3.6 mln shares
    ** Stock down 27.3% YTD as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))