HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

PERRITT CAPITAL MANAGEMENT INC's Holding History (CIK: 0001279342)

Note: Option positions (PUT/CALL) are excluded.

Q2 2016

Shares 327,857 Value ($000) $1,515 Avg Close $4.51 Range $3.95 - $5.25

Q1 2016

Shares 327,857 Value ($000) $1,498 Avg Close $4.82 Range $3.95 - $6.47

Q4 2015

Shares 331,757 Value ($000) $1,513 Avg Close $6.24 Range $4.44 - $7.94

Q3 2015

Shares 331,756 Value ($000) $2,306 Avg Close $7.41 Range $6.00 - $8.71

Q2 2015

Shares 331,755 Value ($000) $2,767 Avg Close $10.10 Range $7.58 - $12.23

Q1 2015

Shares 332,054 Value ($000) $3,882 Avg Close $11.63 Range $10.25 - $12.94

Q4 2014

Shares 332,053 Value ($000) $3,656 Avg Close $11.20 Range $9.04 - $12.23

Q3 2014

Shares 332,053 Value ($000) $3,932 Avg Close $12.82 Range $9.50 - $14.35

Q2 2014

Shares 493,815 Value ($000) $4,686 Avg Close $9.01 Range $8.41 - $9.96

Q1 2014

Shares 454,514 Value ($000) $3,886 Avg Close $8.20 Range $7.47 - $8.99

Q4 2013

Shares 433,846 Value ($000) $3,497 Avg Close $7.44 Range $6.58 - $8.55

Q3 2013

Shares 410,510 Value ($000) $2,997 Avg Close $7.62 Range $6.75 - $8.46

Q2 2013

Shares 376,410 Value ($000) $3,030 Avg Close $7.40 Range $6.38 - $8.49

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	327,857	$1,515	$4.51	$3.95 - $5.25
Q1 2016	327,857	$1,498	$4.82	$3.95 - $6.47
Q4 2015	331,757	$1,513	$6.24	$4.44 - $7.94
Q3 2015	331,756	$2,306	$7.41	$6.00 - $8.71
Q2 2015	331,755	$2,767	$10.10	$7.58 - $12.23
Q1 2015	332,054	$3,882	$11.63	$10.25 - $12.94
Q4 2014	332,053	$3,656	$11.20	$9.04 - $12.23
Q3 2014	332,053	$3,932	$12.82	$9.50 - $14.35
Q2 2014	493,815	$4,686	$9.01	$8.41 - $9.96
Q1 2014	454,514	$3,886	$8.20	$7.47 - $8.99
Q4 2013	433,846	$3,497	$7.44	$6.58 - $8.55
Q3 2013	410,510	$2,997	$7.62	$6.75 - $8.46
Q2 2013	376,410	$3,030	$7.40	$6.38 - $8.49