CAPITAL MARKETS

Coal explorers oversold: report

SHARES in Surat Basin coal developer Stanmore Coal and Bowen Basin-focused Carabella Resources are among a list of junior coal stocks trading at lower prices than they deserve in response to slower steel growth in China, according to research by Foster Stockbroking.

Lau Caruana

Coal explorers oversold: report

Valuations for the junior end of the market were historically very low if prices paid for recent acquisitions of explorers and coal mine developers were any guide, it said. From 2010 to 2012 a $3...

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