The remarkable rally in the AXP Energy Limited (OTCMKTS:AUNXF) stock continued on Tuesday as more and more investors piled on to the stock following a key announcement from the company last Friday.
The stock soared by as much as 123% yesterday and that took its gains for the past week to a staggering 220%. In light of the sheer magnitude of the gains made by the AXP Energy stock it might be a good idea to take a look at the Heads of Agreement that Elite Mining Inc signed with the company.
As per the terms of the agreement, Elite Mining is going to be involved in setting in-situ power generation capabilities for the purposes of cryptocurrency mining in the United States. The crypto mining sector has grown at a pretty impressive rate in recent times and hence, the move from Elite Mining is understandable.
AXP Energy is going to be involved with providing the necessary source of energy by way of stranded gas. The gas is going to be sourced from the Pathfinder Field that it owns in Colorado. In addition to that, the company will also provide maintenance and site control services. Investors seem to be quite excited about the latest development and it might be a good time to add the AXP Energy stock to your watch lists.