New Hope (OTCMKTS:NHPEF) Shares Down 3.2% – Here’s Why

New Hope Co. Limited (OTCMKTS:NHPEFGet Free Report)’s stock price traded down 3.2% on Friday . The stock traded as low as $3.00 and last traded at $3.00. 300 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,940 shares. The stock had previously closed at $3.10.

New Hope Price Performance

The stock has a 50-day simple moving average of $3.11 and a 200-day simple moving average of $3.20.

About New Hope

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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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