Why is the New Hope Corporation share price falling?

The New Hope Corporation Limited ( ASX: NHC) share price is falling today, down 2.45% at the time of writing to $1.20. This comes after the company announced a restructure of its corporate office. What was in the announcement? New Hope Corporation advised it had offered voluntary redundancies to workers at its corporate office.

Why did New Hope share price hit a multi-year high?

New Hope shares touched a multi-year high of $4.06 on Monday off the back of rising coal prices. Based on valuation grounds, New Hope commands a market capitalisation of roughly $3.15 billion. The New Hope Corporation Limited (ASX: NHC) share price has continued to accelerate in recent times.

How do I buy New Hope Corporation shares?

New Hope Corporation has a trailing 12-month revenue of around $3.1 billion. If you're looking to buy shares, check out the steps below. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX.