CRN.AX down 11.11% on ASX 06 Jan 2026: heavy volume flags short-term risk
Coronado Global Resources Inc. (CRN.AX stock) fell 11.11% to A$0.32 at market close on 06 Jan 2026, making it one of the ASX top losers today. Trading volume surged to 16,966,332 shares, more than double the average volume of 8,045,310, and the intraday range hit a low of A$0.28. The drop followed wider weakness in coal names and fresh profit-taking after a recent multi-month rally. Investors will watch earnings guidance and sector demand for metallurgical coal as immediate catalysts.
CRN.AX stock: market move and what changed
Today’s decline in CRN.AX stock closed at A$0.32, down A$0.04 or 11.11%, with a day high of A$0.325 and day low of A$0.28. Volume was 16,966,332, giving a relative volume of 2.11, which signals outsized selling pressure. The share price sits below the 50-day average of A$0.31 and above the 200-day average of A$0.25, highlighting short-term weakness but longer-term support.
Drivers of the sell‑off: earnings updates and sector pressure
Recent CRN.AX earnings beats were mixed and volatile, and the next formal announcement is scheduled for 25 Feb 2026. Management has reported sequential revenue beats in recent quarters, but EPS remains negative at -A$0.03 per share. Weakness in the coal sector and profit-taking after a six‑month gain likely compounded the decline. Several headline tickers in metallurgical coal printed declines today, widening sentiment pressure across the group.
Fundamentals and valuation for Coronado Global Resources Inc. (CRN.AX)
Coronado shows a market cap of A$536,465,194 with 1,676,453,730 shares outstanding. Key ratios include EPS -A$0.03, reported PE -10.67, and price to book 0.30. The company reports a current ratio of 1.35 and debt to equity of 0.81. Enterprise value is about A$1,071,632,181.78, and free cash flow per share is negative at -A$0.09. These figures point to stretched profitability but a low price relative to book.
Technical view and Meyka AI grade for CRN.AX stock
Technically, CRN.AX shows neutral momentum with RSI 50.62 and MACD near zero. Bollinger Bands are 0.29–0.35, placing price near the middle band. Meyka AI rates CRN.AX with a score of 60.24 out of 100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors.
Price targets, forecasts and trading implications for CRN.AX forecast
Meyka AI’s forecast model projects a one‑month reference price of A$0.24, and a quarterly reference near A$0.05. Versus the current A$0.32, the monthly projection implies an implied downside of -25.00%. For traders we suggest a conservative short-term risk band of A$0.20 (downside -37.50%) and a bull case price target of A$0.50 (upside +56.25%). Forecasts are model-based projections and not guarantees.
Risks, catalysts and sector context for CRN.AX stock
Primary risks include continued weakness in metallurgical coal prices, negative EPS, and tighter credit conditions that would pressure funding. Catalysts to watch are quarterly shipments, cost guidance, and any change in export demand from major buyers. The Energy sector in Australia has underperformed year-to-date, and the coal subgroup remains volatile. Short-term traders should monitor liquidity; average volume is 8,045,310 but today’s print was much higher.
Final Thoughts
CRN.AX stock closed A$0.32 on 06 Jan 2026 after an 11.11% intraday fall and heavy volume near 16,966,332 shares. Fundamentals show a negative EPS of -A$0.03, a low PB ratio of 0.30, and enterprise value of A$1,071,632,181.78, which together explain why the market treats the name as high risk but cheap on book value. Meyka AI’s forecast model projects a one‑month level of A$0.24, implying -25.00% downside from today’s close; this projection is model‑based and not a guarantee. For investors, the key tradeoff is valuation versus earnings risk. If coal demand and margins stabilize, a recovery toward A$0.45–A$0.50 is plausible. If prices and volumes slip, the stock could test prior lows near A$0.10–A$0.20. Use tight risk controls and watch the next earnings update on 25 Feb 2026. Meyka AI provides this as part of its AI‑powered market analysis platform and not as investment advice.
FAQs
CRN.AX stock fell due to profit‑taking, wider weakness in metallurgical coal names, and heavy volume. Negative EPS and mixed guidance magnified selling pressure.
Meyka AI’s forecast model projects a one‑month reference of **A$0.24**, implying **-25.00%** downside from the A$0.32 close. Forecasts are projections, not guarantees.
Watch EPS (**-A$0.03**), PE (**-10.67**), price to book (**0.30**), current ratio (**1.35**) and debt to equity (**0.81**). These measure profitability, valuation and liquidity.
CRN.AX may look cheap on book, but negative earnings and sector volatility raise risk. Meyka AI gives a Grade B (HOLD). Conduct your own research before acting.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
