New Hope Co. Limited (OTCMKTS:NHPEF – Get Free Report) dropped 12.3% on Friday . The stock traded as low as $2.63 and last traded at $2.63. Approximately 700 shares traded hands during trading, a decline of 52% from the average daily volume of 1,453 shares. The stock had previously closed at $3.00.
New Hope Stock Performance
The stock’s 50-day moving average price is $3.00 and its 200-day moving average price is $3.13.
New Hope Company Profile
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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