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

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.

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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 27% in the past year. The stock is trading 7% from its 52-week low and just 58% 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 fallen by 25% over the past quarter. The stock is trading above 66% from its 52-week low and 49% away from its 52-week high.  

Evolution Petroleum Corporation (NYSEAMERICAN:EPM) stock has seen selling interest over the past year with  a quarter of over 12% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 93% over the past year. On Tuesday, EPM stock up 5.41% to $5.46 with more than 156k shares exchanged hands, above its average volume of 170K shares.  

Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) stock continued to trend higher in Tuesday’s trading session. GTE stock ended higher by 6% to $0.8321 with more than 2.85 million shares exchanged hands, below its average volume of 4.89 million shares. The stock is trading above 136% from its 52-week low and 32% away from its 52-week high.