HighPeak Energy (NASDAQ:HPKEW) Trading Up 5% – Should You Buy?

Shares of HighPeak Energy, Inc. (NASDAQ:HPKEW) rose 5% during trading on Thursday . The company traded as high as $4.20 and last traded at $4.20. Approximately 2,051 shares were traded 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 firm’s 50 day moving average is $4.24 and its 200 day moving average is $4.41.

Hedge Funds Weigh In On HighPeak Energy

A hedge fund recently bought a new stake in HighPeak Energy stock. Sanctuary Advisors LLC acquired a new stake in shares of HighPeak Energy, Inc. (NASDAQ:HPKEW) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 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.