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An update from Cokal ( (AU:CKA) ) is now available.
Cokal Limited has responded to an ASX inquiry regarding a significant increase in the price and volume of its securities, stating that there is no undisclosed information that could explain the trading activity. The company highlighted recent operational announcements, including a strategic partnership with PT Petrindo Jaya Kreasi Tbk for infrastructure development, a market update on coal prices, the appointment of a new mining contractor, and a recent coal shipment at improved pricing. These developments are aimed at supporting Cokal’s growth objectives and enhancing its operational capabilities.
The most recent analyst rating on (AU:CKA) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Cokal stock, see the AU:CKA Stock Forecast page.
More about Cokal
Cokal Limited operates in the coal industry, focusing on the production and development of metallurgical coal. The company is involved in strategic partnerships and infrastructure development to support its mining operations in Indonesia.
Average Trading Volume: 640,074
Technical Sentiment Signal: Sell
Current Market Cap: A$47.47M
For detailed information about CKA stock, go to TipRanks’ Stock Analysis page.