BUZZ-Australia's Bowen Coking Coal extends gains on upbeat quarterly sales

Reuters
2024-12-30
BUZZ-Australia's Bowen Coking Coal extends gains on upbeat quarterly sales

** Shares of Bowen Coking Coal BCB.AX surges 43% to A$0.010, set for their best day since March 2013

** Coking coal firm closed nearly 17% higher on Fri after posting a 31% QoQ jump in coal sales for Dec qtr-to-date

** Stock is the top gainer on ASX all ordinaries index .AORD

** Over 80 mln shares traded, nearly 7x the 30-day average

** Still, despite the rally in past two session, the stock is down 90% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((jasmeenaraislam.shaikh@thomsonreuters.com))

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