New Hope Co. Limited (OTCMKTS:NHPEF – Get Free Report)’s share price dropped 12.9% during mid-day trading on Monday . The stock traded as low as $2.00 and last traded at $2.00. Approximately 6,324 shares changed hands during mid-day trading, an increase of 228% from the average daily volume of 1,930 shares. The stock had previously closed at $2.30.
New Hope Price Performance
The company has a fifty day simple moving average of $2.59 and a 200-day simple moving average of $2.98.
New Hope Company Profile
New Hope Corporation Limited explores for, develops, produces, and processes coal, and oil and gas properties. It operates through three segments: Coal Mining in Queensland, Coal Mining in New South Wales, and Other. The company holds interests in two open cut coal mines that produces thermal coal, which include the New Acland project located in Oakey, Queensland; and the Bengalla mine situated in the Hunter Valley region of New South Wales.
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