HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

Nokomis Capital, L.L.C.'s Holding History (CIK: 0001541055)

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

Q4 2025

Shares 497,531 Value ($000) $9,473 Avg Close $20.26 Range $17.23 - $24.70

Q3 2025

Shares 362,531 Value ($000) $7,095 Avg Close $17.18 Range $14.87 - $22.01

Q2 2025

Shares 362,531 Value ($000) $5,739 Avg Close $15.45 Range $9.25 - $19.71

Q1 2025

Shares 360,409 Value ($000) $4,426 Avg Close $11.23 Range $8.37 - $13.68

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	497,531	$9,473	$20.26	$17.23 - $24.70
Q3 2025	362,531	$7,095	$17.18	$14.87 - $22.01
Q2 2025	362,531	$5,739	$15.45	$9.25 - $19.71
Q1 2025	360,409	$4,426	$11.23	$8.37 - $13.68