New Hope Co. Limited (OTCMKTS:NHPEF – Get Free Report) dropped 3.2% on Friday . The company traded as low as $3.00 and last traded at $3.00. Approximately 300 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,940 shares. The stock had previously closed at $3.10.
New Hope Stock Performance
The business’s 50-day moving average price is $3.11 and its 200 day moving average price is $3.19.
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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