New Hope Co. Limited (OTCMKTS:NHPEF – Get Free Report) fell 9.5% during mid-day trading on Tuesday . The company traded as low as $3.99 and last traded at $3.99. 7,410 shares changed hands during trading, a decline of 38% from the average session volume of 12,009 shares. The stock had previously closed at $4.41.
New Hope Stock Performance
The stock has a 50 day simple moving average of $3.56 and a 200-day simple moving average of $3.02.
New Hope Company Profile
New Hope Corporation Limited (OTCMKTS:NHPEF) is an Australian resources company headquartered in Brisbane, Queensland. The company is principally engaged in the exploration, development and mining of thermal coal reserves. Established with a focus on long-term supply, New Hope operates a portfolio of coal assets in eastern Australia.
Key mining operations include the New Acland Coal Mine on the Darling Downs and the Boggabri Coal Mine project in New South Wales. Utilizing open-cut mining methods, the company produces medium- to high-quality thermal coal for electricity generation.
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