PGNYF (Hartshead Resources NL) 6-1 Month Momentum % : -11.50% (As of Dec. 14, 2024)

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What is Hartshead Resources NL 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-12-14), Hartshead Resources NL's 6-1 Month Momentum % is -11.50%.

The industry rank for Hartshead Resources NL's 6-1 Month Momentum % or its related term are showing as below:

PGNYF's 6-1 Month Momentum % is ranked worse than
77.69% of 1049 companies
in the Oil & Gas industry
Industry Median: -4.78 vs PGNYF: -11.50

Competitive Comparison of Hartshead Resources NL's 6-1 Month Momentum %

For the Oil & Gas E&P subindustry, Hartshead Resources NL's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hartshead Resources NL's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hartshead Resources NL's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Hartshead Resources NL's 6-1 Month Momentum % falls into.

Hartshead Resources NL (OTCPK:PGNYF) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hartshead Resources NL (OTCPK:PGNYF) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Hartshead Resources NL 6-1 Month Momentum % Related Terms

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Hartshead Resources NL Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

HHR:Australia

Address

333C Charles Street, North Perth, Perth, WA, AUS, 6006

Website

https://www.hartshead-resources.com.au

Hartshead Resources NL is building a financially, technically and environmentally responsible European Energy business. It is the owner and operator of License P2607 on the United Kingdom Continental Shelf, in the Southern Gas Basin. The License contains multiple gas fields, some of which have been only partially developed. The company also has operations in Poland, Gabon, and Madagascar. The Group has three reportable segments. The first is an interest in developing and exploring gas fields in the UK North Sea in Seaward Production License P2607. The second is an interest in exploring for oil in acreage known as, the Nkembe block, located offshore Gabon. The third interest is at the Ambilobe block, located offshore Madagascar.