HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q2 2025

Shares 30,391 Value ($000) $481 Avg Close $15.45 Range $9.25 - $19.71

Q1 2024

Shares 61,753 Value ($000) $329 Avg Close $7.70 Range $4.50 - $9.75

Q4 2023

Shares 21,067 Value ($000) $186 Avg Close $12.61 Range $8.73 - $15.79

Q3 2023

Shares 15,261 Value ($000) $220 Avg Close $10.56 Range $8.31 - $14.62

Q2 2023

Shares 13,771 Value ($000) $118 Avg Close $8.52 Range $7.45 - $9.73

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2025	30,391	$481	$15.45	$9.25 - $19.71
Q1 2024	61,753	$329	$7.70	$4.50 - $9.75
Q4 2023	21,067	$186	$12.61	$8.73 - $15.79
Q3 2023	15,261	$220	$10.56	$8.31 - $14.62
Q2 2023	13,771	$118	$8.52	$7.45 - $9.73