Energy stocks were on the rise Monday, and investors can look to the war overseas as the reason why. Several small-cap energy stocks experienced strong rallies in pre-market trading today after Israel and the U.S. launched an attack on Iran over the weekend. Iran has retaliated since then, launching missiles at Israel.
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With conflicts in the Middle East on the rise, so are the prices for oil. This is due to Iran’s prominent position as a supplier of crude oil, alongside other countries in the region. As such, it makes sense that energy stocks would rally on the news. Exxon Mobil (XOM) and Chevron (CVX) are major oil companies on the move, but there are also small-cap energy stocks on the rise today.
Small-Cap Energy Stocks Rallying on Monday
Here’s a quick list of the top small-cap energy stocks taking off this morning:
- TMD Energy Limited (TMDE) stock rocketed 245.91% higher in pre-market trading today. This came as some 42 million shares changed hands, compared to a three-month daily average of about 36,000 shares.
- Trio Petroleum Corp. (TPET) stock soared 95.05% in early morning trading. This stock also saw heavy trading, as some 48 million shares were traded, compared to a three-month daily average of roughly 204,000 shares.
- Battalion Oil (BATL) stock surged 88.22% on Monday morning. Investor interest was also heightened today, as some 7 million shares changed hands, compared to a three-month daily average of approximately 76,000 shares.
- US Energy (USEG) stock underwent a major 41.02% rally this morning. This movement came with some 12 million shares traded, compared to a three-month daily average of around 1.23 million shares.
TMDE vs. TPET vs. BATL vs. USEG: Which Energy Stock Is the Best Investment?
Turning to the TipRanks stock comparison tool, traders can get an idea for which of these energy stocks has the highest chance of the best returns. Unfortunately, none of these stocks have attracted significant investor attention. However, two have Smart Scores from TipRanks. BATL stock scored a six out of 10, while USEG stock scored a two out of 10. Investors may also consider consulting Spark, TipRanks’ AI analyst, for more insight into these stocks.
