Whitehaven Coal Ltd (OTCMKTS:WHITF) shares were up 3.9% during mid-day trading on Thursday . The stock traded as high as $2.32 and last traded at $2.32, approximately 3,000 shares were traded during trading. An increase of 74% from the average daily volume of 1,729 shares. The stock had previously closed at $2.23.
Separately, JPMorgan Chase & Co. downgraded shares of Whitehaven Coal from an “overweight” rating to a “neutral” rating in a report on Wednesday, September 25th.
The company’s fifty day moving average price is $2.23 and its 200-day moving average price is $2.61.
Whitehaven Coal Limited develops and operates coal mines in New South Wales. The company operates through two segments, Open Cut Operations and Underground Operations. It operates six mines in North West New South Wales; five open cut mines at Maules Creek, Tarrawonga, Rocglen, Werris Creek, and Sunnyside; and one underground mine at Narrabri.
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