New Hope Co. Limited (OTCMKTS:NHPEF – Get Free Report)’s share price was down 3% during trading on Tuesday . The company traded as low as $3.85 and last traded at $3.90. 228,056 shares changed hands during mid-day trading, an increase of 1,892% from the average daily volume of 11,448 shares. The stock had previously closed at $4.02.
New Hope Stock Performance
The firm has a fifty day moving average price of $3.93 and a 200 day moving average price of $3.51.
About New Hope
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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