Hardy Oil and Gas plc (HDY.L) (LON:HDY) Trading Up 33.3% – Should You Buy?

Hardy Oil and Gas plc (HDY.L) (LON:HDY)’s stock price was up 33.3% on Thursday . The stock traded as high as GBX 6 ($0.08) and last traded at GBX 6 ($0.08). Approximately 1,660,854 shares changed hands during mid-day trading, an increase of 1,074% from the average daily volume of 141,413 shares. The stock had previously closed at GBX 4.50 ($0.06).

Hardy Oil and Gas plc (HDY.L) Price Performance

The company has a market cap of £4.43 million and a PE ratio of -1.76. The business’s 50 day moving average is GBX 6 and its 200-day moving average is GBX 6.

About Hardy Oil and Gas plc (HDY.L)

Hardy Oil and Gas plc, an upstream oil and gas company, engages in the exploration, appraisal, development, and production of oil and gas properties in India. It holds a 10% interest in the GS-01 block situated in the Gujarat-Saurashtra offshore basin off the west coast of India; and a 75% interest in the CY-OS/2 exploration block covering an area of approximately 859 kilometers located in the northern part of the Cauvery basin.