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Hallador Energy Co [HNRG] Investment Guide: What You Need to Know

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Hallador Energy Co’s filing revealed that its Director Wesley Charles Ray IV acquired Company’s shares for reported $0.23 million on Mar 22 ’24. In the deal valued at $5.21 per share,44,000 shares were bought. As a result of this transaction, Wesley Charles Ray IV now holds 154,302 shares worth roughly $1.2 million.

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Then, Wesley Charles Ray IV bought 2,100 shares, generating $11,015 in total proceeds. Upon buying the shares at $5.25, the Director now owns 110,302 shares.

B. Riley Securities upgraded its Hallador Energy Co [HNRG] rating to a Buy from a a Neutral in a research note published on May 30, 2024; the price target was increased to $9 from $8. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. FBR & Co. also remained covering HNRG and reiterated its “an Outperform” recommendation on March 15, 2017. FBR & Co. maintained its rating on November 23, 2016. It rated HNRG as “an Outperform”.

Price Performance Review of HNRG

On Friday, Hallador Energy Co [NASDAQ:HNRG] saw its stock jump 8.98% to $7.77. Over the last five days, the stock has gained 2.10%. Hallador Energy Co shares have fallen nearly -12.10% since the year began. Nevertheless, the stocks have fallen -5.82% over the past one year. While a 52-week high of $15.79 was reached on 01/04/24, a 52-week low of $4.33 was recorded on 04/18/24. SMA at 50 days reached $6.65, while 200 days put it at $9.13. A total of 0.94 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For HNRG Stock

The 24-hour chart illustrates a support level at 7.32, which if violated will result in even more drops to 6.86. On the upside, there is a resistance level at 8.03. A further resistance level may holdings at 8.28. The Relative Strength Index (RSI) on the 14-day chart is 56.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.34%. Stochastics%K at 23.26% indicates the stock is a holding.

The most recent change occurred on October 13, 2016 when FBR & Co. resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $8.

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