Vaalco Energy Inc (EGY) Shares are Up 5.76%

Vaalco Energy Inc (EGY) : Traders are bullish on Vaalco Energy Inc (EGY) as it has outperformed the S&P 500 by a wide margin of 1.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.79%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.76% in the last 1 week, and is up 1.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Vaalco Energy Inc. has dropped 0.95% during the last 3-month period . Year-to-Date the stock performance stands at -35%. The stock has recorded a 20-day Moving Average of 9.99% and the 50-Day Moving Average is 3.68%.


Vaalco Energy Inc (NYSE:EGY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.02 and $1.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.04, notching a gain of 1.96% for the day. The total traded volume was 40,749 . The stock had closed at $1.02 on the previous day.

VAALCO Energy, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and natural gas. It owns producing properties and conducts exploration activities as an operator in Gabon, West Africa, conducts exploration activities as an operator in Angola, West Africa, and participates in exploration and development activities as a non-operator in Equatorial Guinea, West Africa. It is the operator of unconventional resource properties in the United States in North Texas and leasehold in Montana. It also owns minor interests in conventional production activities as a non-operator in the United States. Its properties include Etame Marin Block, Mutamba Iroru block, Block 5 and Block P, among others. Its subsidiaries include VAALCO Gabon (Etame), Inc., VAALCO Production (Gabon), Inc., VAALCO Angola (Kwanza), Inc., VAALCO UK (North Sea), Ltd., VAALCO International, Inc. and VAALCO Energy (EG), Inc., among others.

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