Following are the major gainers in the oil & gas sector on Tuesday. Make sure to put these on your watchlist for the month of August.
Manitok Energy Inc. (OTCMKTS:MKRYF) Stock Jumps 15%
MKRYF is one of the biggest gainers in Tuesday’s trading session. The stock opened with slight gains and by mid-day soared 82% to $0.0020. Interestingly, the rise has been supported by hefty volume with more than 1.1 million shares have traded hands, compared to its daily average volume of 179K. Manitok Energy Inc. engages in the exploration, development, and production of petroleum and natural gas reserves in Western Canada.
American Energy Partners, Inc. (OTCMKTS:AUNXF) Continues to Move Up
AUNXF stock continues to move higher for the third consecutive session and soared 25% to $0.0096. So far more than 89.69 million shares have traded hands, compared to its average volume of 23.43 million shares. The stock has soared 75% in the past three trading sessions. Last week, Elite Mining Inc announced it has signed a Heads of Agreement (HOA) with Australian and United States.-based AXP Energy Limited to establish in-situ power generation for the large and growing cryptocurrency mining sector in the United States.
Allied Energy Corporation (OTCMKTS:AGYP) Continues To get Special Attention
Allied Energy Corp. (OTCMKTS: AGYP) is primed to hit higher prices this week as shareholders hope for $0.5000 after shares reached 8.14% green yesterday to reach $0.4000. In heavy trading volume of 449,112, AGYP is gaining momentum after a positive Q2 financial report which shows cuts in operational and net losses as expenses were cut dramatically. All free cash flow was reinvested back into the Company’s primary activity: leasing oil wells and applying new technology to make them commercially new again.
The fast-moving events in the Middle East (fall of Afghanistan to Taliban last night) was a catalyst in yesterday’s positive stock increase in AGYP. Rather than a dangerous journey here, AGYP’s oil reserves are at home in Texas — cutting costs, a dangerous journey and in once commercially-viable producing well sites, such as the Green Lease Site and Annie Gilmer.