HighPeak Energy (NASDAQ:HPKEW) Trading 5% Higher – What’s Next?

HighPeak Energy, Inc. (NASDAQ:HPKEW)’s stock price rose 5% during trading on Tuesday . The stock traded as high as $4.70 and last traded at $4.20. Approximately 2,538 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 3,963 shares. The stock had previously closed at $4.00.

HighPeak Energy Stock Up 5.0 %

The firm’s 50 day simple moving average is $4.24 and its 200 day simple moving average is $4.67.

Institutional Trading of HighPeak Energy

An institutional investor recently bought a new position in HighPeak Energy stock. Sanctuary Advisors LLC acquired a new position in HighPeak Energy, Inc. (NASDAQ:HPKEW) in the second quarter, according to the company in its most recent disclosure 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.