Hardy Oil and Gas plc (HDY.L) (LON:HDY) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Hardy Oil and Gas plc (HDY.L) (LON:HDY) passed above its two hundred day moving average during trading on Friday . 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 trading hands.

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

The company has a market capitalization of £4.43 million and a PE ratio of -1.76. The stock’s 50 day moving average is GBX 6 and its 200 day moving average is 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.