Investors who might be looking into some of the notable gainers over the past week could do well to take a look at the AXP Energy Limited (OTCMKTS:AUNXF) stock. The AXP Energy stock continued on its rollicking run yesterday and jumped by as much as 45% to takes its gains for the past week to a staggering 145%.
There was no news about the company yesterday but the rally has been triggered by a development from earlier on this month on August 13. On that day, it was announced that the company signed a Heads of Agreement with Elite Mining Inc and that is the reason behind the continued bullish sentiments about the stock.
As per the provisions of the agreement between the two parties are going to work on the work related to in-situ power generation for the purpose of assisting the cryptocurrency mining sector in the United States. The crypto mining sector has grown at a remarkable pace over the course of the past few years and it is expected to keep growing as cryptocurrencies bec9ome more popular. Hence, the excitement among investors with regards to this agreement signed by AXP Energy is understandable. It might be a stock to keep an eye on this week.