RTTNews | Sep 29, 2020 09:55AM EDT

09:54 Tuesday, September 29, 2020 (RTTNews.com) - U.S. Energy Corp. (USEG) shares are soaring on Tuesday morning trade as it entered into an asset purchase agreement to acquire operated and non-operated producing assets in Lea County, New Mexico and Converse County, Wyoming from FieldPoint Petroleum Corporation.

The stock reached its one-year peak today and is currently at $13.95, up 224.42 percent from its previous close of $4.30 on a volume of 5,617,904.

The independent energy company's shares have traded in a range of $15.51 to $18.57 on an average volume of 220,100, for the last 52-weeks.

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