U.S. Energy Corp. (NASDAQ:USEG) shot up 41.2% during mid-day trading on Thursday . The stock traded as high as $2.84 and last traded at $2.50, with a volume of 325,211 shares changing hands. The stock had previously closed at $1.77.

The stock’s 50 day moving average is $2.09 and its 200-day moving average is $1.94. The stock’s market cap is $11.37 million.

U.S. Energy Corp. (U.S. Energy) is an independent energy company focused on the acquisition and development of oil and gas producing properties and other mineral properties in the continental United States. The Company’s business activities are focused in South Texas and the Williston Basin in North Dakota.