Shares in Coronado Global (ASX:CRN) have seen a decrease of up to 4.6% to A$1.570, marking their potential worst day since November 7, 2022, if the losses persist.

The metallurgical coal producer became the most significant loser on the benchmark index, largely due to their disappointing half-year financial results.

Coronado Global reported a sharp 24.6% decline in half-year revenue to $1,493.2 million, a slump driven by weakening Australian met coal prices which have dropped from their record highs in 2022.

In addition to this, their half-year net income was reported to be $199.2 million, reflecting a steep fall of 64.6%.

Moreover, their shares recently hit their lowest value since July 21.

As of the last close, the company’s stock has depreciated by 17.1% this year.

Coronado Global (ASX:CRN) is a metallurgical coal producer with international operations.