Investors who are eager to get into oil, gas and refining stocks could consider taking a look at the MMEX Resources Corp (OTC: MMEX) stock.
The MMEX stock soared by as big as 61% on Wednesday after the company made a major announcement. MMEX is involved in financing, acquiring and developing, oil and gas projects that are located in South America and in Texas. The company is also involved in infrastructure projects.
Yesterday, the company announced that it inked a project agreement with regards to the hydrogen with carbon capture project. The project in question is located at an existing property of MMEX at Pecos County in Texas. The announcement proved to be a major boost for MMEX and soon enough the stock soared as investors piled on to it in a big way. The agreement in question was signed with Black Tree Energy Group, SCM, which is MMEX’s European partner, and its American arm V Engineering & Consulting LLC.