Small-cap mining, oil stocks surge on commodity boost, retail interest

Hycroft Mining Holding

08/03/2022 14:30

** Some small-cap commodity stocks surged in premarket
trading, as oil prices rallied on the possibility of U.S.
sanctions against Russian oil exports and nickel prices rose due
to an unprecedented short squeeze caused by low inventories and
Russia supply concerns  O/R   MET/L 
    ** Marine Petroleum Trust  MARPS.O , engaged in the
administration and liquidation of rights to payments from
certain oil and natural gas leases in the Gulf of Mexico, gained
98% at $24, after climbing 70% on Monday  urn:newsml:reuters.com:*:nL3N2VB2L5
    ** Other small oil and gas players Imperial Petroleum
 IMPP.O , Houston American Energy  HUSA.K , US Energy  USEG.O ,
Camber Energy  CEI.N  and Enservco  ENSV.N  climbed between 21%
and 55%
    ** They also caught eye of retail investors - IMPP, HUSA,
NINE, MARPS and USEG are among top trending stocks on
investor-focussed social media Stocktwits.com
    ** Nine Energy Service  NINE.N  rose 115% to $7.73 after the
company reported upbeat Q4 results, following a 99% jump on
Monday  urn:newsml:reuters.com:*:nL3N2VB2JM
    ** Hycroft Mining Holdings  HYMC.O  jumped 170%, as
safe-haven gold breached the key $2,000 level  urn:newsml:reuters.com:*:nL3N2VB2QQ
    ** Miner Polymet Mining  PLM.N  rose 37% to $3.9, tracking
nickel prices  urn:newsml:reuters.com:*:nL3N2VB2Q8

 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com;))