New Hope Co. Limited (OTCMKTS:NHPEF – Get Free Report) shares rose 5.3% during mid-day trading on Friday . The stock traded as high as $3.8425 and last traded at $3.8425. Approximately 6,100 shares traded hands during trading, a decline of 52% from the average daily volume of 12,673 shares. The stock had previously closed at $3.65.
New Hope Trading Up 5.3%
The company has a fifty day moving average of $3.82 and a two-hundred day moving average of $3.22.
New Hope Company Profile
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.
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