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Highlights:
- The ASX 200 Energy sector is one of the best performing sectors on the ASX today.
- The news of Australia’s reducing power crisis has pushed up the share price of energy stocks today.
The S&P/ASX 200 Energy sector (ASX:XEJ) was up 2.038% at 10,059.00 at 3:57 PM AEST on the ASX today (22 June).
Of late, Australia has been going through a power supply crisis due to the shortage of coal production. However, there are reports that the power shortage is likely to end soon.
This article focuses on four coal stocks- New Hope, Whitehaven, Yancoal, and Coronado, and their performance on the ASX today.
New Hope Corporation Limited (ASX:NHC)
The shares of New Hope Corporation Limited (ASX:NHC) closed 4.268% higher at AU$3.420 per share on the ASX today (22 June).
The ASX-listed coal miner has begun trading under the ASX200 index from 20 June 2022. It was followed by a detailed review by the Dow Jones Indices as a part of its June quarterly rebalancing activity. As a result, New Hope has been garnering investors’ attention on the ASX.
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 84% on the ASX over the past 12 months. On the other hand, New Hope’s year-to-date share price also gained over 46% (as of 4:10 PM AEST on the ASX today, 22 June).
Whitehaven Coal Limited (ASX:WHC)
The shares of Whitehaven Coal Limited (ASX:WHC) closed 1.673% lower at AU$4.700 per share on the ASX today (22 June).
The ASX-listed coal explorer and miner is currently focused on executing its share buyback program.
The share price of Whitehaven has gained over 143% on the ASX over the past 12 months. On the other hand, Whitehaven’s year-to-date share price also gained over 70% (as of 4:10 PM AEST on the ASX today, 22 June).
Image source: © Kuzmichevdmitry | Megapixl.com
Yancoal Australia Limited (ASX:YAL)
The shares of Yancoal Australia Limited (ASX:YAL) closed 0.190% higher at AU$5.260 per share on the ASX today (22 June).
Yancoal is an ASX-listed coal producer with a market capitalisation of AU$6.93 billion. Yancoal specialises in producing metallurgical and thermal coal, which is used by the steel and power generation industries.
The share price of Yancoal has gained over 159% over the past 12 months on the ASX. On the other hand, Yancoal’s year-to-date share price also gained over 87% (as of 4:10 PM AEST on the ASX today, 22 June).
Coronado Global Resources Inc. (ASX:CRN)
The shares of Coronado Global Resources Inc. (ASX:CRN) closed 7.516% higher at AU$1.645 per share on the ASX today (22 June).
Coronado also began trading under the ASX200 index from 20 June 2022 onwards. This was followed by Dow Jones Indices’ decision to replace Crown Resorts (ASX:CWN) with Coronado in the ASX200 index after a detailed review as a part of its quarterly rebalancing activity.
Read more: Here’s why Coronado (ASX:CRN) shares are on investors’ radar today
The share price of Coronado has gained over 108% on the ASX over the past 12 months. On the other hand, Coronado’s year-to-date share price also gained over 27% (as of 4:10 PM AEST on the ASX today, 22 June).
