Following are the major gainers in the oil & gas sector on Thursday. Make sure to put these on your watchlist for the month of July.
88 Energy Limited (OTCMKTS:EEENF) Stock Extends Rally
EEENF is one of the biggest gainers in Thursday’s trading session. The stock opened with slight gains and by mid-day soared 27% to $0.028. Interestingly, the rise has been supported by hefty volume with more than 466.89 million shares have traded hands, compared to its daily average volume of 180.22 million. The company said it is adopting the environmental, social, and governance (ESG) framework developed by the World Economic Forum (WEF) and provided by Melbourne, Australia-based tech start-up, Socialsuite.
Allied Energy Corporation (OTCMKTS:AGYP) Stock Doubles in a Week On Major Business Progress
AGYP is another active stock buzzer in the oil & gas sector. The stock has been gaining momentum since last week with a jump of 100% on increased volume. A recent string of Twitter updates show Allied Energy is making impressive progress at their Green and Gilmer leases located in Texas.
According to Finra, data from 29th June shows that 67% of the volume traded in Allied Energy or 528,378 shares out of 708,126 were marked as short. http://regsho.finra.org/FORFshvol20210629.txt
AGYP stock is trading above 50-day and 200-day moving average, signaling a solid breakout. Moreover, the stock is just 20% away from its multi-year high of $0.71. So there could be another new breakout once the stock crosses a new high. Keep an eye on AGYP stock.
At the time of writing, AGYP stock is trading higher by 10% at $0.575.
Reconnaissance Energy Africa Ltd. (OTCMKTS:RECAF) Continues to Move Up
Last but not the least, RECAF is moving higher by 5.50% to $10. So far more than 290K shares have traded hands, compared to its average volume of 1.26 million shares. The stock has outperformed the broader market with a jump of 471% so far this year and 1350% over the past year.
