Whitehaven Coal (OTCMKTS:WHITF) Trading Up 1.2% – Here’s Why

Whitehaven Coal Limited (OTCMKTS:WHITF)’s stock price shot up 1.2% during mid-day trading on Monday . The stock traded as high as $6.0950 and last traded at $6.08. 3,962 shares traded hands during trading, a decline of 56% from the average session volume of 8,973 shares. The stock had previously closed at $6.01.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut shares of Whitehaven Coal from a “hold” rating to a “sell” rating and set a $6.10 target price for the company. in a research report on Monday, January 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Whitehaven Coal currently has an average rating of “Sell” and a consensus price target of $6.10.

Whitehaven Coal Trading Up 1.2%

The company’s 50 day simple moving average is $5.11 and its 200-day simple moving average is $4.62.

About Whitehaven Coal

Whitehaven Coal (OTCMKTS:WHITF) is an Australian coal producer primarily engaged in the exploration, development, production and sale of coal in New South Wales. The company’s operating assets are located in the resource-rich Gunnedah Basin and the Hunter Valley region, where it develops both open-cut and underground mining projects. Whitehaven focuses on delivering high-quality coal products to industrial and power generation markets.

The company’s main operating mines include Maules Creek, Narrabri and its flagship Whitehaven Mine, each equipped with modern mining and processing facilities.