As far as energy stocks are concerned, the 88 Energy Limited (OTC: EEENF) stock was one of the prime movers on Friday as it jumped by as high as 75%.
While the gains made by the stock were significant, it must also be kept in mind that the stock moved despite there being no specific news about the company. In such a situation, it might be a good move on the part of investors to perhaps take a closer look at the company and its business.
88 Energy is involved in the oil and gas exploration space in America and has an interest in a range of projects in the country. On the other hand, it is also necessary to point out to investors that in the past the company was known as Tangiers Petroleum and it was only in February of 2015 that it changed its name to 88 Energy. In light of the latest gains, investors might consider keeping an eye on the news wires with regards to any news about the company.