If you are on the lookout for energy stocks at this point in time then the stock that could be looked into is that of 665 Energy Inc (OTCMKTS:SSOF). There was no news about the company last week but the 665 Energy stock emerged as one of the notable gainers and soared by as much as 152%.
Since there was no news about the company last week, it might be a good move for investors to perhaps get a better idea about 665 Energy and its business. That is sometimes the best way to make one’s mind up about a company when there is dearth of material news.
665 Energy is a holding company, which is involved in acquiring and developing firms which from the oil and gas sector. The company is involved in developing the businesses of these firms through operational as well as financial support.
For providing such vital services, 665 Energy usually gets an ownership stake. The acquired firms operate as subsidiaries of 665 Energy and in turn the company looks to bring in as much value as possible for its shareholders. It is likely that the stock is going to be in sharp focus among many investors today.
Market Reaction:
On Friday, SSOF stock fell 8.24% at $0.0078 with more than 124.06 million shares, compared to its average volume of 24.17 million shares. The stock had moved within a range of $ 0.0066 – 0.0125 after opening the trade at $0.0096. Over the past 52-week, the stock has been trading within a range of $0.0004 – 0.0129.
Allied Energy Corporation (OTCMKTS:AGYP) is another oil stock to keep on your radar as the stock is in a multi-year breakout.
AGYP is another active stock buzzer in the oil & gas sector. The stock has been gaining momentum since mid-June with a jump of 160% on increased volume. A recent string of Twitter updates shows Allied Energy is making impressive progress at their Green and Gilmer leases located in Texas. yesterday, the company issued an update regarding the progress being made at the Company’s M1 Well at their Green Lease location.
AGYP stock is trading above 50-day and 200-day moving average, signaling a solid breakout. Moreover, the stock is trading at a multi-year high. Keep an eye on AGYP stock as it may be looking to cross $1.
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