AMEX Independent Oil & Gas Update: HUSA, EPM, MXC, BRN, GTE

Following are the major movers in the oil & gas sector over the past trading sessions. Keep an eye on these stocks as momentum is strong.

Nano-Cap Stocks Watchlist

Allied Energy Corp. (OTCMKTS:AGYP) AGYP deserves a look from oil and gas investors, as they recently announced signing a new lease and also struck oil on their leased well sites in Texas. Global energy prices are at 7 year highs. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit. AGYP recently issued news that they have achieved production on the #1, #2, and #5 wells of the Gilmer Lease in Texas. AGYP announced they are also making progress on the Prometheus lease.

Houston American Energy Corp. (NYSEAMERICAN:HUSA) stock continued to trade in a range after the recent fall. The stock has moved down about 19% in the past year. The stock is trading 1% from its 52-week low and just 63% away from its 52-week high.  

Mexco Energy Corporation (NYSEAMERICAN:MXC) stock is showing a bullish move over the past few trading session as the stock jumped to a new 52-week high. In fact, the stock has gained by 12% over the past quarter. The stock is trading above 49% from its 52-week low and 69% away from its 52-week high.  

Evolution Petroleum Corporation (NYSEAMERICAN:EPM) stock has seen selling interest over the past year with  a fall of over 12% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 75% so far this year. On Thursday, EPM stock up 1.21% to $5 with more than 66k shares exchanged hands, above its average volume of 182k shares.  

Barnwell Industries Inc. NYSEAMERICAN:BRN) is another stock in the energy sector which has been showing consistent fall. The stock has moved up 127% over the past one year. Moreover, the stock has jumped 133% so far this year. The stock is trading above 141% from its 52-week low and 57% away from fallen 52-week high.

Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) stock continued to trend higher in Thursday’s trading session. GTE stock ended lower by 0.62% to $0.7950 with more than 1.69 million shares exchanged hands, below its average volume of 6.32 million shares. The stock is trading above 130% from its 52-week low and 35% away from its 52-week high.