New Hope (OTCMKTS:NHPEF) Stock Price Down 0.6% – Time to Sell?
by Kim Johansen · The Markets DailyNew Hope Co. Limited (OTCMKTS:NHPEF – Get Free Report)’s stock price was down 0.6% on Monday . The stock traded as low as $4.12 and last traded at $4.1250. Approximately 3,600 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 11,643 shares. The stock had previously closed at $4.15.
New Hope Price Performance
The company’s 50 day moving average price is $3.89 and its two-hundred day moving average price is $3.35.
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.