Business
Stanmore Coal (ASX:SMR) share price surges after signalling name change, renewables focus
The Stanmore Coal Limited (ASX: SMR) share price is jumping significantly today after the company released its Chairman’s AGM Address to Shareholders.
The Stanmore share price is up 5.2% to 70 cents per share.
Stanmore’s focus is the exploration, development, production and sale of metallurgical and thermal coal in Queensland, Australia. Let’s see what’s driving its share price rebound today.
Stanmore Chair’s AGM address
Companies are moving away from thermal coal and fossil fuels in record numbers towards renewable energy sources and China slapped a ban on Australian coal exports several months ago,…
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