Agreed coal is very much alive. We are all watching the coal price closely, and although I expect volatility in the short term I think the coal price will go higher from these levels. Today WHC was held back by the Covid resurgence in Australia - even tough that has absolutely zero impact on WHC business, at this stage.
Once China resets its import quotas from Jan 1st, things will settle down around that source of negativity. Really positive to hear that US congress has approved more Covid stimulus, this time $1 Trillion. Along with the vaccine rollout, things are looking better.
Another source of market volatility will be the US election outcome... if the electoral slates are disputed I think the market will fall temporarily - presenting a buying opportunity.
Morningstar price target $3.20, page-9
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Last
$7.65 |
Change
0.020(0.26%) |
Mkt cap ! $6.399B | |||
| Open | High | Low | Value | Volume |
| $7.69 | $7.71 | $7.64 | $24.66M | 3.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 22151 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.66 | 12306 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WHC (ASX) Chart |