New Hope (ASX:NHC) Share Price Crosses Above 50 Day Moving Average of $2.57

New Hope Co. Limited (ASX:NHC) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.57 and traded as high as $2.28. New Hope shares last traded at $2.25, with a volume of 1,567,480 shares trading hands.

The firm’s 50 day moving average price is A$2.56. The company has a market capitalization of $1.87 billion and a PE ratio of 12.16. The company has a debt-to-equity ratio of 10.80, a quick ratio of 0.83 and a current ratio of 1.26.

About New Hope (ASX:NHC)

New Hope Corporation Limited explores, 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 Oil and Gas. The company has interests in two open cut coal mines in South East Queensland that produce thermal coal, including the New Acland project, which is located in north-west of Oakey, Queensland; and the Jeebropilly coal mine located in the West Moreton region near Ipswich.

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