Hardy Oil and Gas plc (HDY.L) (LON:HDY) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Hardy Oil and Gas plc (HDY.L) (LON:HDY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

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

The business has a 50 day moving average of GBX 6 and a 200 day moving average of GBX 6. The firm has a market capitalization of £4.43 million and a price-to-earnings 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.