Time to Buy Whitehaven Coal Ltd After Today’s Huge Increase?

 Time to Buy Whitehaven Coal Ltd After Today's Huge Increase?

The stock of Whitehaven Coal Ltd (ASX:WHC) is a huge mover today! The stock increased 5.22% or $0.14 on November 22, hitting $2.82. About 9.80M shares traded hands. Whitehaven Coal Ltd (ASX:WHC) has risen 268.63% since April 26, 2016 and is uptrending. It has outperformed by 264.07% the S&P500.
The move comes after 8 months positive chart setup for the $2.89 billion company. It was reported on Nov, 22 by Barchart.com. We have $2.93 PT which if reached, will make ASX:WHC worth $115.60 million more.

More notable recent Whitehaven Coal Ltd (ASX:WHC) news were published by: Fool.com.Au which released: “Whitehaven Coal Ltd shares are up 800%: Is it too late to buy?” on October 20, 2016, also Fool.com.Au with their article: “Coal prices are surging: Should you buy Whitehaven Coal Ltd shares?” published on November 08, 2016, Bloomberg.com published: “Whitehaven Coal Sees China Easing Mining Limits to Boost Supply” on October 17, 2016. More interesting news about Whitehaven Coal Ltd (ASX:WHC) were released by: Fool.com.Au and their article: “Here’s what’s behind Whitehaven Coal Ltd’s blistering 680% rally” published on October 12, 2016 as well as Fool.com.Au‘s news article titled: “Why the Whitehaven Coal Ltd share price rocketed up today” with publication date: July 15, 2016.

Whitehaven Coal Limited is engaged in exploration, project evaluation, project development and coal mining activities in New South Wales’ Gunnedah Basin. The company has a market cap of $2.89 billion. The Firm operates through two divisions: Open Cut Operations and Underground Operations. It has a 138.1 P/E ratio. It owns four open cut mines , one underground mine (Narrabri) and operates a coal handling and processing plant at Gunnedah.

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