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Coronado (ASX:CRN): Down 85% in a year as metallurgical coal prices tumble, does it have a future?
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Coronado (ASX:CRN): Down 85% in a year as metallurgical coal prices tumble, does it have a future?
Coronado Global Resources (ASX:CRN) is a producer and seller of metallurgical coal (also known as coking coal). While thermal coal – the other kind of coal investors hear of – is used in electricity generation, metallurgical coal is used in steel production. Coronado has fallen 85% in the last 12 months. It is difficult to…
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