Hardy Oil and Gas plc (HDY.L) (LON:HDY) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Hardy Oil and Gas plc (HDY.L) (LON:HDY) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 6 ($0.08) and traded as high as GBX 6 ($0.08). Hardy Oil and Gas plc (HDY.L) shares last traded at GBX 6 ($0.08), with a volume of 1,660,854 shares changing hands.

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

The firm has a market cap of £4.43 million and a price-to-earnings ratio of -1.76. The company has a 50-day moving average price of GBX 6 and a 200 day moving average price of 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.