New Hope (OTCMKTS:NHPEF) Trading Down 0.6% – What’s Next?

New Hope Co. Limited (OTCMKTS:NHPEFGet Free Report) shares fell 0.6% during trading on Monday . The company traded as low as $4.12 and last traded at $4.1250. 3,600 shares were traded during trading, a decline of 69% from the average session volume of 11,643 shares. The stock had previously closed at $4.15.

New Hope Trading Down 0.6%

The stock’s 50-day moving average is $3.89 and its 200 day moving average is $3.35.

About New Hope

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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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