Here are the recap for the top 3 major nano cap stock gainers in the Oil & Gas sector trading on Wednesday. keep an eye on the following stocks.
Superior Drilling Products, Inc. (NYSEAMERICAN:SDPI) continues to move higher and one of the biggest gainers last month in the Oil & Gas sector. The stock is up 8% to $0.93 on Wednesday. The stock witnessed higher than average volume with more than 540K shares exchanged hands, compared to its average volume of 352K. The stock opened at $0.88 and moved within a wide range of $0.8625 – 1.0200. Last week, the company, the company received notification from the NYSE American LLC that it had not met compliance standards of Section 1003(a)(ii) as a result of stockholders’ equity falling below $4.0 million and having reported losses in its five most recent fiscal years ended December 31, 2020. Stockholders’ equity was approximately $3.3 million as of March 31, 2021.
Camber Energy, Inc. (NYSEAMERICAN:CEI) gained momentum as the stock went up 6.10% by mid-day session to $0.7316. The stock has moved within a wide range of $0.7200 – 0.8456. The stock has surged about 50% year-to-date. Moreover, the stock has moved up almost 86% over the past 6-month. The stock is trading 76% below its 52-week high and 60% higher from its 52-week low.
Late May, the company reported that its majority-owned subsidiary, Viking Energy Group, Inc. , an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in the onshore Gulf Coast and Mid-Continent regions, announced on May 24, 2021 Viking’s financial results for the quarter ended March 31, 2021.
Evolve Transition Infrastructure LP (NYSEAMERICAN:SNMP) is another gainer in the Oil & Gas sector. The stock is up 5.14% at $0.7780. More than 6.77 shares have been traded hands, well above its average volume of 3.86 million shares. Over the past 52-week, the stock moved within a range of $0.2600 – 1.7700. The stock has soared 32% so far in 2021 and 24% in the past 6-month.The stock is trading in the neutral zone as RSI stands at 47.
Another oil & gas stock to keep an eye on is Allied Energy (OTCMKTS: AGYP). After gaining solid momentum in first 6 weeks of this year, the stock has been consolidating within a narrow range. Considering the recent range bound trading, AGYP may have digested the 510% gain year-to-date and may be preparing for another breakout above 35 cents.
Last week, the company announced it had secured 2 triplex pumps to be installed on the Green & Gilmer leases salt water injection wells. Here is the tweet by the company.
