From my take, I wouldn't expect a lot of movement any time soon. The world is worried about the second wave of infection and you have key buying markets that are not building things that required them to use coking coal. The price of coking coal languishes around ~US$110 per tonne which, as others have pointed out, is only marginally economic for CRN.
Dont get me wrong its one of my largest positions at prices above this but I don't believe that you should be expecting quick moves north in the price.
From my take, I wouldn't expect a lot of movement any time soon....
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Last
$1.39 |
Change
-0.035(2.46%) |
Mkt cap ! $2.330B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.44 | $1.39 | $3.706M | 2.644M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25131 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 20942 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| CRN (ASX) Chart |