June 14, 2019
Time Frame : Daily
Sector : Materials/Basic Materials – Coal
Key Stats : $2.96 Billion Market Cap, VWAP 3.154, ASX Ranking 126, 4 Week Av Turnover $3,301,555, Current Turnover (Intraday as at time of alert) $487,312.
Company Overview : Coronado Global Resources Inc (CRN) is a low cost global producer, marketer and exporter of a full range of premium quality met coals. Coronado owns a portfolio of operating mines located in Queensland, Australia, and in the states of Virginia and West Virginia in the US. It has a single 100% owned producing mining complex in Australia and three 100% owned producing mining complexes in the US.
Broker Consensus : Not covered by a major broker
CRN is showing early signs of building for a move up as coal companies show some interest. Watching for 3.00 to hold and buyers to edge in to build a higher low around 3.10/3.20 for the buy entry setup. Volume has picked up on a move to test 3.00 which is a good sign that buyers are getting active.
Stock Code : CRN – Coronado Global Resources Inc
Company Website : www.coronadoglobal.com.au
Current Price : 3.20
Status : On watch for potential higher low around 3.10/3.20
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