Shares of New Hope Co. Limited (OTCMKTS:NHPEF – Get Free Report) fell 7.5% during mid-day trading on Thursday . The company traded as low as $3.01 and last traded at $3.01. 2,999 shares traded hands during trading, an increase of 30% from the average session volume of 2,313 shares. The stock had previously closed at $3.25.
New Hope Stock Performance
The company has a 50 day simple moving average of $3.19 and a 200 day simple moving average of $3.21.
About New Hope
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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