ASX:CRNMetals and Mining
Coronado Global Resources (ASX:CRN) Shares Reflect Margin Pressure More Than Revenue Recovery
Coronado Global Resources just served up a sharper earnings story than its share price suggests. The stock closed at A$0.16 on 11 August, after a steep 7 day slide and a heavy 90 day fall, yet the latest quarter shows a smaller earnings loss and stronger top line than recent history. The headline is the margin squeeze easing rather than exploding. Revenue reached US$514.1m in Q2 while the net loss narrowed to US$99.4m. The market is still trading Coronado like a broken story, even as the P&L...