Following are the major gainers in the oil & gas sector on Friday. Make sure to put these on your watchlist for the month of July.
New America Energy Corp. (OTCMKTS:NECA) Stock Jumps 15%
NECA is one of the biggest gainers in Tuesday’s trading session. The stock opened with slight gains and by mid-day soared 15% to $0.0019. Interestingly, the rise has been supported by hefty volume with more than 54 million shares have traded hands, compared to its daily average volume of 119.27 million. Recently, the company announced the signing of a Binding Letter of Intent to acquire Third Bench Holdings, an industry leader in Kitchen & Bathroom cabinetry and countertops. Management believes the acquisition will be immediately accretive to NECA’s cash flow.
American Energy Partners, Inc. (OTCMKTS:AEPT) Continues to Move Up
AEPT is moving higher by 9% to $0.25. So far more than 56k shares have traded hands, compared to its average volume of 37k million shares. Today, the company announced that it has closed the previously announced $10.846M acquisition of three existing oil and gas operators in Western Pennsylvania and West Virginia known as Washington Energy, Freedom Energy, and Oil & Gas Management, effective July 1, 2021.
Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Gains Momentum
ZNOG is trading higher by 3% to $0.48 with more than 440K shares traded hands, compared to its average volume of 1.57 million shares. The stock opened at $0.48 and moved within a range of $0.4691 – 0.4899.
Allied Energy Corporation (OTCMKTS:AGYP) Continues To get Special Attention
AGYP is another active stock buzzer in the oil & gas sector. The stock has been gaining momentum since last week with a jump of 135% 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.
AGYP stock is trading above 50-day and 200-day moving average, signaling a solid breakout. Moreover, the stock is just 15% 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 3% at $0.63 after soaring 30% last week.
