AMEX Independent Oil & Gas Update: EPM, BRN, MXC, 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.

Evolution Petroleum Corporation (NYSEAMERICAN:EPM) stock has seen selling interest over the past year with  a quarter of over 13% and leading the top spot in the oil & gas sector. Moreover, the stock has soared 67% over the past year. On Thursday, EPM stock down 1.67% to $5.30 with more than 60k shares exchanged hands, above its average volume of 154k shares.  

Barnwell Industries Inc. (NYSEAMERICAN:BRN) stock continued to trade in a range after the recent jump. The stock has moved up about 82% in the past year. The stock is trading 86% from its 52-week low and just 60% away  from its 52-week high.   On Thursday, BRN stock down 1.06% to $2.81 with more than 16k shares exchanged hands, above its average volume of 72k shares. 

Mexco Energy Corporation (NYSEAMERICAN:MXC) stock is showing a bearish move over the past few sessions. In fact the stock has fallen by 15% over the past quarter. The stock is trading above 49% from its 52-week low and 44% away from its 52-week high.   On Thursday, MXC stock down 1.30% to $9.96 with more than 13k shares exchanged hands, above its average volume of 27k shares. 

Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) stock continued to trend higher in Thursday’s trading session. GTE stock ended lower by 3.10% to $0.8362 with more than 1.55 million shares exchanged hands, below its average volume of 3.76 million shares. The stock is trading above 90% from its 52-week low and 32% away  from its 52-week high.