New World Resources Plc (NWR), the Czech Republic’s biggest supplier of coal to steelmakers, slumped to its 1 1/2-month low as the price of the commodity fell.
The stock slid as much as 3.5 percent to 139 koruna, its weakest intraday price since Jan. 30, and traded 2.2 percent down to 140.8 koruna by 10:38 a.m. in Prague. Europe’s benchmark coal derivatives slid 0.4 percent to $113 a metric ton in the Netherlands, extending this week’s retreat to 0.9 percent.
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