Hallador Energy swings to yearly profit, shares gain

Hallador Energy

17/03/2023 15:03

(Updates)
    ** Shares of coal producer Hallador Energy Co  HNRG.O  rise
13.1% to $8.47 
    ** Co reports 2022 net income of $18.1 mln compared to a
loss of $3.8 mln for 2021
    ** HNRG says its average coal sales price rose to $45.64 per
ton in 2022 from $39.5 per ton in 2021
    ** Co also sees its 2023 average coal sales price at $58.7
per ton
    ** Including the session's gains, stock is down 15.5% YTD;
last year it had soared 306%

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))