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Cokal ( (AU:CKA) ) has provided an update.
Cokal Limited has completed a 7,000 MT coal shipment to Krakatau Posco, benefiting from improved market conditions that allowed for higher pricing compared to previous deliveries. This shipment, facilitated by M Resources, reflects market recovery and increased acceptance of Cokal’s BBM coal. The company is in discussions for an additional delivery in December, aiming to maintain sales momentum and capitalize on favorable market trends into 2026.
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 is a company operating in the coal industry, focusing on the production and supply of metallurgical coal. The company primarily serves the steelmaking sector, with a market focus on regional steelmakers and coke producers.
Average Trading Volume: 606,441
Technical Sentiment Signal: Sell
Current Market Cap: A$46.39M
See more data about CKA stock on TipRanks’ Stock Analysis page.