Today we feature FX Energy Inc (NASDAQ: FXEN), an oil explorer and producer, as the top momentum gainer since the stock gained more than 8%, during the last two consecutive trading days with a significant increase in shares exchanging hands. During the last trading session, FXEN was among the top gainers in the U.S. energy space after climbing 13.9% and closed at $4.75 while recording significant volume of 2.63 million shares. During the past 5 trading sessions, FXEN surged 43.5% with daily average trading volume of 1.65 million shares, while the stock accumulated over 31.2% during the past one month with daily average volume of 473,462 shares. The stock soared after the company reported that its Tuchola-4K well in Poland reached its objective, the lower Zechstein Ca1 formation at 2,740 meters, approximately 60 meters high to last year’s Tuchola-3K well. The company is evaluating 220 square kilometers of 3D seismic data in the surrounding area to identify the next drill site.
Company Description:
FX Energy Inc (NASDAQ: FXEN) explores for and produces oil and gas, primarily in the Republic of Poland. The company also has limited oil production and reserves in Montana and Nevada, as well as oil and gas exploration projects in other western states.
1-Year Stock Chart:
Source: Bloomberg
