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Bowen Coking Coal Ltd ( (AU:BCB) ) has issued an update.
Bowen Coking Coal Ltd has announced that its securities will remain suspended on the ASX as the company reviews its operational plans and explores financing solutions in response to depressed global coal prices and the challenging Queensland State coal royalty regime. Despite the suspension, Bowen continues its operations and is actively negotiating with lenders and suppliers to ensure liquidity, while committing to keep the market informed once a clear update is available.
The most recent analyst rating on (AU:BCB) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on Bowen Coking Coal Ltd stock, see the AU:BCB Stock Forecast page.
More about Bowen Coking Coal Ltd
Bowen Coking Coal Ltd is an Australian company operating in the coal industry, primarily focused on the production and export of high-quality metallurgical coal for seaborne customers.
Average Trading Volume: 421,509
Technical Sentiment Signal: Sell
Current Market Cap: A$10.34M
For a thorough assessment of BCB stock, go to TipRanks’ Stock Analysis page.