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Despite reporting negative earnings, Hallador Energy's stock surged, earning a "buy" rating from analysts.
Hallador Energy (NASDAQ:HNRG), a steam coal producer, reported quarterly earnings of ($0.02) per share, beating analyst estimates of ($0.03).
Despite negative financial metrics, its stock rose $0.37 to $11.48, with a trading volume of 839,938 shares.
Alliance Global Partners issued a "buy" rating with a $17.00 price target.
The company's 50-day moving average is $10.98 and its 200-day moving average is $10.44.
It has a market cap of $489.24 million and a P/E ratio of -20.87.
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A pesar de reportar ganancias negativas, las acciones de Hallador Energy aumentaron, ganando una calificación de "compra" de los analistas.