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0.42%

$1.20 coronado global resources inc.

Agree on your thoughts however CRN seems to be following the...

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158 Posts.

20

03/06/22

08:14

Post #: 61793887
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Originally posted by Bluffie: ↑

Can someone please explain why CRN is getting severely undervalued compared to its coal counterparts? NHC for instance produces/sells less than half of what CRN does on an annual basis and announced their quarterly results a few days back (which was terrible - 20% reduction in production compared to CRN which did amazingly well), but its market cap is roughly 90% of CRN (3.17B vs 3.45B). Moreover, CRN focuses solely on Met coal compared to thermal, which is selling at a discount compared to Met. I feel like the stock should easily be valued 85-95% of WHC's market cap (5.32B) at a minimum.

Even in the past month, WHC, NHC, YAL have all gone up approximately 7-9%, yet CRN is down 13% in the same time-period. I understand the merger news took a hit on the share price, but I don't feel like the price ever rose because of that rumour to begin with. Even with the release of the quarterly dividends, the price never went up to account for the $0.11USD dividends, but it sure went down on ex-dividend. This stock should easily be close to $3, but the market just doesn't seem to value this company properly. Let me know if I am missing something important - really frustrating.

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Agree on your thoughts however CRN seems to be following the coking coal futures

CRN Price at posting: $2.06 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.20		Change 0.005(0.42%)		Mkt cap ! $2.003B

Open	High	Low	Value	Volume
$1.20	$1.21	$1.18	$3.641M	3.049M

Buyers (Bids)

No.	Vol.	Price($)
1	8729	$1.19

Sellers (Offers)

Price($)	Vol.	No.
$1.20	45486	1

View Market Depth

No.	Vol.	Price($)
3	23859	1.185
1	4939	1.180
2	24939	1.175
6	23033	1.170
3	51790	1.165

Price($)	Vol.	No.
1.195	45486	1
1.200	15803	2
1.205	29839	2
1.210	78858	4
1.215	44852	4

Last trade - 16.10pm 25/06/2024 (20 minute delay)

CRN (ASX) Chart