WHC, YAL, NHC, ATU: How are rising coal prices impacting these ASX stocks?

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WHC, YAL, NHC, ATU: How are rising coal prices impacting these ASX stocks?

WHC, YAL, NHC, ATU share price
Image source: © Mast3r | Megapixl.com

Highlights

  • The energy sub-index of ASX was in the green territory today
  • Most of the coal producers have performed significantly well on the ASX over the past one year

Coal prices have been on an uptrend and are likely to remain high in the near future amid strong demand. Today, the S&P/ASX 200 Energy sector (ASX:XEJ) was spotted trading 0.998% higher at 10331.2 at 2:34 PM AEST on the ASX.

In this article, we have picked up four major ASX coal stocks- Whitehaven, Yancoal, New Hope, and Atrum-- and have analysed their stock price performance on ASX.

Whitehaven Coal Limited (ASX:WHC) 

The shares of Whitehaven Coal Limited (ASX:WHC) were spotted trading 2.641% higher at AU$5.245 per share at 1:24 PM AEST on the ASX today (16 June). More than 5.5 million shares of Whitehaven were traded so far in today’s trading session on the ASX.

Currently, the company is focused on its share buyback program. Till now, Whitehaven has bought a total of 57,507,257 shares of its own as a part of its share buyback program.

The share price of Whitehaven has gained over 197% over the past 12 months. On the other hand, Whitehaven’s shares have gained over 90% on a TYD basis.

Also more: WDS, STO, NHC, WHC: How are these ASX Energy stocks performing?

Yancoal Australia Limited (ASX:YAN)

WHC, YAN, NHC, ATU share price

Image source: © Lavenderphoto | Megapixl.com

The shares of Yancoal Australia Limited (ASX:YAN) were spotted trading 0.548% lower at AU$5.44 per share at 1:36 PM AEST on the ASX today (16 June). More than 415K shares of Yancoal were traded so far in today’s trading session on the ASX.  

The share price of Yancoal has gained over 160% on the ASX over the past 12 months. On the other hand, Yancoal’s shares have gained over 94% on year-to-date basis.

New Hope Corporation Limited (ASX:NHC) 

The shares of New Hope Corporation Limited (ASX:NHC) were spotted trading 3.278% higher at AU$3.78 per share at 1:48 PM AEST on the ASX today (16 June). The shares of New Hope Corporation were traded heavily as over 2.9 million shares of the company changed hands so far in today’s trading session on the ASX.

Also, New Hope will be added to the S&P/ASX 200 index from 20 June 2022 followed by a detailed review by Dow Jones Indices as a part of its quarterly rebalance program.  This is another reason behind the recent gains in NHC share price. Passive funds tracking the ASX 200 index are possibly buying this stock as part of their portfolio rejig.

Read more: BRN, CXO, LKE, NHC: These stocks to be included in ASX 200 index from 20 June

The share price of New Hope has gained over 94% on the ASX over the past 12 months. And on a YTD basis, New Hope’ shares have gained over 62% (as of 1:48 PM AEST on the ASX today, 16 June.

Atrum Coal Limited (ASX:ATU) 

The shares of Atrum Coal Limited (ASX:ATU) were spotted trading 33.333% higher at AU$0.008 per share at 1:45 PM AEST on the ASX today (16 June). More than 765K shares of Atrum were traded so far in today’s trading session on the ASX.

The share price of Atrum has fallen by 80% on the ASX over the past 12 months. On the other hand, Atrum’s share price also fell over 73% on a YTD basis (as of 1:45 PM AEST on the ASX today, 16 June).

Atrum is an Australian coal explorer and producer with a market capitalisation of AU$4.14 million. The company is involved in the exploration of anthracite in British Columbia, Canada.

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