AMEX Energy Report: ESP, WTT, LGL, SLI, EMAN
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.
Provention Bio Inc. (NYSEAMERICAN:ESP) stock has seen solid buying interest over the past month with a gain of over 8% and leading the top spot in the oil & gas sector. However, the stock has slumped 25% so far this year. On Thursday, ESP stock fell 1.41% to $10.46 with more than 1.37 million shares exchanged hands, below its average volume of 2.08 million shares.
Wireless Telecom Group Inc. (NYSEAMERICAN:WTT) is another stock in the energy sector which has been showing consistent rise. The stock has moved down 23% over the past one month. Moreover, the stock has fallen 1% so far this year. The stock is trading above 23% from its 52-week low and 58% away from its 52-week high.
The LGL Group Inc. (NYSEAMERICAN:LGL) stock continued to trend lower in Thursday’s trading session. LGL stock ended lower by 3% to $10.80 with more than 6.6k shares exchanged hands, below its average volume of 14.8K shares. The stock is trading above 13% from its 52-week low and 25% away from its 52-week high.
Standard Lithium Ltd. (NYSEAMERICAN:SLI) stock is showing a very bullish move over the past few trading session as the stock jumped to a new 52-week high. In fact the stock has increased by 34% over the past quarter. The stock is trading above 380% from its 52-week low and 30% away from its 52-week high.
eMagin Corporation (NYSEAMERICAN:EMAN) stock continued to trade in a range after the recent fall. The stock has moved up about 28% in the past year. The stock is trading above 35% from its 52-week low and just 71% away from its 52-week high.
Allied Energy Corp. (OTCMKTS:AGYP): On a more speculative note, AGYP deserve a look from investors as they have recently announced signing a new lease and also struck oil on their leased well sites located 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 making progress on the Prometheus lease as well.
