The Petroteq Energy Inc (OTCMKTS:PQEFF) stock has emerged as one of the biggest gainers over the past two weeks and has managed to clock gains of 300% during that period.
Back on May 31, the company announced that it has been receiving offer to purchase stock from its European shareholders in response to an offer that was made on May 24, 2021. The company noted that it has reviewed the offers that were published in the publication Bundesanzeiger.
It is the official publication of Germany’s Department of Justice and Consumer Protection. It is a significant development for the company and has resulted in considerable interest in its stock in recent times. The developments have resulted in a rally in the stock that has continued to this week. It is now going to be interesting to see if the stock can continue to add to its gains over the coming days.
Another oil & gas stock that could be on the watchlist for the coming sessions is Allied Energy (OTCMKTS:AGYP). The stock has seen a nice uptrend since the beginning of this year gaining 500%. Moreover, the stock has built a strong base of around 30 cents after weeks of consolidation. Interestingly, the stock is trade above 200-SMA of $0.17 – which signals that the long-term uptrend is still intact.
Allied Energy Corporation (OTCMKTS:AGYP) recently reported news of several new wells, and combined with the positive news in the oil industry could see a short squeeze.
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