Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of oil and gas operator Hyperdynamics
So what: At the time of publication, more than 3 million Hyperdynamics shares had already changed hands, versus the three-month average volume of about 2.5 million shares. It's difficult to know exactly what's driving the double-digit rally, but when you consider just how frequently the stock has popped and plunged in recent months, big one-day moves should come as no surprise to investors.
Now what: Fools should keep these moves in proper perspective. Without any news from the company, I'm chalking the share price surge up to the normal volatility that comes with a relatively small and risky opportunity like Hyperdynamics. The stock is one of the more speculative long-term energy plays you'll come across, and today's rally won't do much to change that.
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