Cokal (ASX:CKA) shares have seen a significant increase of 19.1%, reaching A$0.125.

This marks the company’s best day since October 2021, if the gains maintain this momentum.

The influence behind this growth appears to be the jetty operations permit that the coal company has received.

This permit is for operations associated with the Bumi Barito Mineral (BBM) metallurgical coal mine located in Indonesia.

With this permit, Cokal is moving forward with the scheduling of its maiden shipment of BBM coal at the earliest possible time.

Approximately 2.2 million shares have already changed hands, surpassing the last 30-day average volume of 754,854.

This development has brought the Cokal stock to its highest level since August 29.

Although the day’s gains still mark an overall loss of around 42% on the year, this indicates a favorable turning point.

Cokal is a coal mining company that operates primarily in Indonesia.