Why Hyperdynamics (HDY) Stock Is Soaring Today

NEW YORK (TheStreet) -- Hyperdynamics (HDY) shares are gaining back the ground it loss yesterday and them some in trading today, rising 16% to $4.28.

The company's stock had dropped double digits on Tuesday after gaining triple digits on Monday.

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The recent volatility is attributed to Tullow Guinea Limited lifting its force majeure on the two oil companies' joint project in Guinea.

The stock shot up 200% on Monday before experiencing a sharp pullback in trading yesterday. 

HDY Chart

HDY data by YCharts

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