Today we feature Gray Fox Petroleum Corp. (OTC BB: GFOX), a junior oil and gas explorer, as the top momentum gainer, since the stock surged more than 10% during the last two consecutive trading days with more shares exchanging hands than in a normal session. During the last session, GFOX was among the top gainers in the U.S. energy space after climbing 10.4% and closing at $1.06 while recording significant volume of 354,987 shares.
Recently, GFOX provided an update on its exploration plan to identify drilling targets on its 32,723 acre West Ranch Prospect, which comprises of 22 Federal leases in the Butte Valley Oil Play Region of north-central Nevada. As of May 22, 2014, GFOX completed two phases of a previously announced 8-phase exploration plan designed to systematically reduce risk and optimize selection of one or more new drilling targets by incorporating the results of the two test wells drilled to date.
Company Description:
Gray Fox Petroleum Corp. (OTC BB: GFOX) operates an oil and gas exploration and development company. The company engages in the acquisition, exploration, drilling and production of oil and natural gas properties in the United States.
1-Year Stock Chart:
Source: Bloomberg
