Coronado Global Resources (OTC:CODQL) Shares Up 7% – Here’s Why

Coronado Global Resources Inc. (OTC:CODQL) rose 7% on Monday . The company traded as high as $0.3157 and last traded at $0.29. Approximately 1,100 shares changed hands during trading, a decline of 97% from the average daily volume of 35,329 shares. The stock had previously closed at $0.2710.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of Coronado Global Resources to a “neutral” rating and set a $0.44 price objective for the company in a report on Monday, January 19th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $0.44.

Coronado Global Resources Trading Up 7.0%

The stock’s fifty day simple moving average is $0.24 and its two-hundred day simple moving average is $0.22.

Coronado Global Resources Company Profile

Coronado Global Resources Inc, together with its subsidiaries, produces, markets, and exports metallurgical coal in Asia, North America, South America, Europe, Australia, and internationally. The company owns a portfolio of operating mines and development projects in Queensland, Australia; and Virginia, West Virginia, and Pennsylvania in the United States. Coronado Global Resources Inc was founded in 2011 and is headquartered in Brisbane, Australia. Coronado Global Resources Inc is a subsidiary of Coronado Group LLC.