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

Hardy Oil and Gas plc (HDY.L) (LON:HDY) shares were up 33.3% during trading 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 traded hands during 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) Stock Up 33.3 %

The firm has a 50 day simple moving average of GBX 6 and a two-hundred day simple moving average of GBX 6. The stock has a market capitalization of £4.43 million and a P/E ratio of -1.76.

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.