Shares of New Hope Co. Limited (OTCMKTS:NHPEF – Get Free Report) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $3.90 and traded as low as $3.89. New Hope shares last traded at $3.89, with a volume of 12,934 shares changing hands.
New Hope Price Performance
The company’s 50 day simple moving average is $4.32 and its 200 day simple moving average is $3.90.
New Hope Company Profile
New Hope Corporation Limited is an Australian coal mining and energy company that explores, develops, and operates coal assets. The company primarily produces thermal coal for electricity generation and supplies customers in both domestic and international markets.
New Hope’s principal operations include the New Acland Mine in Queensland’s Darling Downs region and an interest in the Bengalla Mine in New South Wales’ Hunter Valley. Its activities also include coal processing, transportation, marketing, and export logistics associated with these mining operations.
The company traces its origins to the establishment of New Hope Collieries in Queensland in 1952 and has expanded through the development and acquisition of coal assets in Australia.
Recommended Stories
- Five stocks we like better than New Hope
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for New Hope Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Hope and related companies with MarketBeat.com's FREE daily email newsletter.
