Hardy Oil and Gas plc (HDY.L) (LON:HDY) Stock Price Up 33.3% – Here’s Why

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

Hardy Oil and Gas plc (HDY.L) Stock Up 33.3 %

The company has a market cap of £4.43 million and a P/E ratio of -1.76. The firm’s 50 day moving average is GBX 6 and its two-hundred day moving average is GBX 6.

Hardy Oil and Gas plc (HDY.L) Company Profile

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.