Here are the recap for the top 3 major Nasdaq stock movers in the Oil & Gas sector trading on Thursday. keep an eye on the following stocks.
Talos Energy Inc (NYSE:TALO) continues to move higher and one of the biggest gainers last month in the Oil & Gas sector. The stock is up 3% to $11.35 on Thursday. The stock witnessed higher than average volume with more than 526K shares exchanged hands, compared to its average volume of 923K. The stock opened at $11.36 and moved within a wide range of $11.27 – 11.81.
Uranium Energy Corp. (NYSEAMERICAN:UEC) gained momentum as the stock went up 2.15% to close at $2.32. The stock had moved within a wide range of $2.2562 – 2.3700. The stock has surged about 29% year-to-date. Moreover, the stock has moved up almost 3% over the past 6-month. The stock is trading 36% below its 52-week high and 185% higher from its 52-week low.
VAALCO Energy Inc. (NYSE:EGY) is another mover in the Oil & Gas sector. The stock is up 1.30% at $2.39. More than 62k have been traded hands, below its average volume of 257K shares. Over the past 52-week, the stock moved within a range of $0.8050 – 3.7000. The stock has soared 33% so far in 2021 and 8% in the past 6-month.The stock is trading in the neutral zone as RSI stands at 44.
Another oil & gas stock to keep an eye on is Allied Energy (OTCMKTS:AGYP). After gaining solid momentum in July, the stock has seen profit booking from the peak. Despite the recent correction, AGYP stock is still up by 485% year-date. The stock is now trading at key support of around 26 cents. One may see quick bounce back considering the recent move. AGYP reported a positive Q2 financial report which showed a strategy of large cuts in operational and net losses through dramatically cut expenses. Free cash flow created was then reinvested back into the Company’s primary activity: leasing oil wells and applying new technology to make them commercially new again. AGYP’s management team and long term investors see a bright future.