HighPeak Energy (NASDAQ:HPKEW) Trading 5% Higher – Time to Buy?

Shares of HighPeak Energy, Inc. (NASDAQ:HPKEW) were up 5% during trading on Thursday . The stock traded as high as $4.20 and last traded at $4.20. Approximately 2,051 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 3,813 shares. The stock had previously closed at $4.00.

HighPeak Energy Stock Performance

The stock’s 50 day moving average is $4.25 and its two-hundred day moving average is $4.42.

Institutional Trading of HighPeak Energy

A hedge fund recently bought a new stake in HighPeak Energy stock. Sanctuary Advisors LLC purchased a new position in shares of HighPeak Energy, Inc. (NASDAQ:HPKEW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,499 shares of the company’s stock, valued at approximately $101,000.

HighPeak Energy Company Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.