AUNXF on OTC and AXP on ASX, page-198

Apologises if already been shared. AUXNF & AGYP: Two Oil Penny Stocks on the Rise - Penny Stocks Today

AXP Energy Ltd: AUNXF

AUNXF has been upscaling quickly while focusing on low cost, conventional oil and gas wells in the US. Displaying an excellent quarterly performance and continued financial growth, AXP Energy has caught the attention of many investors who propelled the stock to its 52-week high of .0193 on August 17th – a 466% increase since May.

This run-up was a result of the Australia Stock Exchange’s (ASX) halt on AUNXF’s trading pending an upcoming announcement. Bullish investors are speculating that this halt is in connection with AXP’s recent partnership with Elite Mining Inc. Per their agreement, AXP will provide gas from its Colorado Pathfinder Field so that Elite Mining – a crypto mining company – can operate with lower production costs and greater efficiency. With plans to uplist to the OTCQB, an anticipated revenue report, and a new website in the works, AUNXF has enough catalysts for an imminent run-up.

In July, AUNXF shared its quarterly net review which saw a considerable increase, jumping from 1.73 million in Q3 to 3.73 in Q4. This impressive increase can be attributed to the increase in oil sales which totaled 24,230 BBL for Q4 FY2021 – a 20% increase over its June 9th forecast. In August, the company announced that its month-on-month revenue continues to increase with a net revenue of $1.8 million for July 2021 – a 42% increase from June’s net revenue.