Hardy Oil and Gas plc (HDY.L) (LON:HDY) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of Hardy Oil and Gas plc (HDY.L) (LON:HDY) crossed above its two hundred day moving average during trading on Thursday . 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 traded.

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

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

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.