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Bowen Coking Coal Ltd ( (AU:BCB) ) has issued an announcement.
Bowen Coking Coal Limited has requested a voluntary suspension of its securities from the Australian Securities Exchange as it negotiates with its senior lender, the Queensland Revenue Office, and potential funding sources to address its short to medium-term operational needs. The company is also in discussions with BUMA Australia Pty Ltd regarding a significant payment demand and is working on a Debt Restructure Agreement to manage its financial obligations, with the suspension aimed at conserving cash and facilitating these negotiations.
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 Limited operates in the coal industry, focusing on the production and supply of coking coal, a key component in steel manufacturing. The company is listed on the Australian Securities Exchange under the ticker BCB.
Average Trading Volume: 452,923
Technical Sentiment Signal: Sell
Current Market Cap: A$10.34M
For a thorough assessment of BCB stock, go to TipRanks’ Stock Analysis page.