Hallador Energy Co. (HNRG) Sees Strong Trading Volume
Hallador Energy Co. (NASDAQ:HNRG) shares saw an uptick in trading volume on Friday . 210,426 shares were traded during trading, an increase of 13% from the previous session’s volume of 186,763 shares.The stock last traded at $6.99 and had previously closed at $6.29.
Several brokerages recently issued reports on HNRG. Zacks Investment Research downgraded Hallador Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. FBR & Co reaffirmed a “buy” rating on shares of Hallador Energy in a research note on Tuesday, May 10th.
The company has a 50 day moving average of $5.57 and a 200-day moving average of $4.89. The stock has a market capitalization of $200.95 million and a PE ratio of 10.87.
The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Wednesday, July 27th.
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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