HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

QUADRANT CAPITAL GROUP LLC's Holding History (CIK: 0001650717)

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

Q4 2025

Shares 81 Value ($000) $2 Avg Close $20.26 Range $17.23 - $24.70

Q3 2025

Shares 81 Value ($000) $2 Avg Close $17.18 Range $14.87 - $22.01

Q1 2025

Shares 81 Value ($000) $1 Avg Close $11.23 Range $8.37 - $13.68

Q4 2024

Shares 110 Value ($000) $1 Avg Close $11.17 Range $8.13 - $14.00

Q2 2024

Shares 149 Value ($000) $1 Avg Close $6.27 Range $4.33 - $9.60

Q4 2022

Shares 263 Value ($000) $3 Avg Close $8.23 Range $5.68 - $11.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	81	$2	$20.26	$17.23 - $24.70
Q3 2025	81	$2	$17.18	$14.87 - $22.01
Q1 2025	81	$1	$11.23	$8.37 - $13.68
Q4 2024	110	$1	$11.17	$8.13 - $14.00
Q2 2024	149	$1	$6.27	$4.33 - $9.60
Q4 2022	263	$3	$8.23	$5.68 - $11.57