Here are the OTC oil stocks which are up big in mid-day trading. Keep an eye on these stocks:-
CGX Energy Inc. (OTCMKTS:CGXEF) Gains Momentum
CGXEF is the notable gainer in oil & gas sector and now up by 4.23% to $1.97. The stock has traded with more than 263k shares traded for the session, compared to its 30-day average volume of 170k shares. CGXEF stock has been gaining momentum over the past month with a jump of 170% in the past month.
U.S. Energy Initiatives Corporation Inc. (OTCMKTS:USEI) Stock Jumps In Mid-Day Trading
USEI stock is seeing mild buying pressure by the mid-day session on Wednesday. As of 11:48, USEI stock is up by 40% to $0.0023. So far, more than 301.12 million shares traded for the session, compared its 30-day average volume of 153.65 million shares. The stock opened at $0.0017 and moved within a range of $0.0015 – 0.0023. Over the past 52-week, the stock has moved within a range of $0.0000 – 0.0079.
ERHC Energy Inc. (OTCMKTS:ERHE) Jumps On Unusual Volume
ERHE continues to gain momentum and is another active triple-digit gainer in today’s trading session. The stock has increased by 233% to trade at $0.0010. Total volume was 450K shares, compared to its daily average volume of 840k shares. After opening at $0.0004, the stock has been moving in a range of $0.0004 – 0.0010 for the session.
Another oil stock looks interesting is Allied Energy Corporation (OTCMKTS:AGYP). The company has put out some more tweets updating their progress on their Green Lease. Progress is being made. The site has been cleared for the flow lines, 2 injection wells are set and the battery of collection tanks are ready for oil to flow. Another oil stock to keep an eye on is Allied Energy (OTCMKTS:AGYP) as stock had a major breakout Friday as we know on high volume. AGYP stock has been gaining solid momentum since the beginning of the year with a jump of about 500%. The stock had been consolidating after the big rally and broke above 35 cents to trigger a technical breakout. Recently, the company released recent rework activities as well as highlights to a work schedule that the Company believes will bring multiple wells online.