I suspect the sell down in Adani last week resulted in WHC and other coal producers being sucked down by trend following algo quants shorting anything that resembled a peer. Aus government policy (or lack of) isn't helping WHC neither is a stronger Aussie dollar.
I'm expecting a big rally this week and not afraid to buy hard into any weakness should further dip buying opportunities arise, it's a super cheap value stock surrounded by a couple of moats.
US coal producers all closed strongly on Friday, ARLP up 10% after hours, Peabody up 2.5%, Consol up 2.4%.
Target $18.72, page-4108
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Last
$8.55 |
Change
0.010(0.12%) |
Mkt cap ! $7.152B | |||
| Open | High | Low | Value | Volume |
| $8.57 | $8.61 | $8.45 | $26.66M | 3.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9310 | $8.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.56 | 4000 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |