The energy sector has been one of the more sought-after sectors in recent months due to the overall volatility in the sector and many investors have managed to generate considerable returns due to that dynamic. The situation remains the same at this point and hence, it may be a good idea for investors to consider taking a look at some of the stocks from the energy sector this morning. There are a number of stocks and hence, it is important to be selective. Here is a look at five energy stocks that have gained momentum.
American Manganese Inc (OTCMKTS:AMYZF) – One of the energy companies which could be looked into at this point in time is American Manganese Inc, which has seen its stock clock gains of as much as 7% over the course of the past week.
The company had actually been in the news back on August 2 when it announced that it had got the advisory and funding services for the National Research Council of Canada Industrial Research Assistance Program. The funding is going to go towards a feasibility study for targeting the removal of fluoride from the black mass that contains high volumes of fluoride.
SusGlobal Energy Corp (OTCMKTS:SNRG) is another oversold stock that may be worth adding to the watch lists at this point. Despite the recent correction, the stock has gained 75% in the past 6 months. Moreover, RSI at 31 signals that there could be a big short covering from the oversold zone.
Earlier this month, the company announced that its fully owned subsidiary unit SusGlobal Energy Belleville had managed to complete the Verified Emission Reductions and Removals report, which was a part of its carbon credit development process. At this point in time, investors could do well to keep an eye on further developments with regard to SusGlobal Energy Corp.
Houston Natural Resources Corporation (OTCMKTS:HNRC) – the Oil & Gas closed slightly down on Thursday, August 4, 2022, and was able to bounce off its 200-day moving average, an important long-term support line. Looking to move into breakout territory in the short term.
The company managed to bring in revenues of $5,125,473 in the second quarter and of $8,687,641 in the first half of the year. The revenues in the first half of the year proved to be 41% higher than the revenues of $7,614,534 in the first six months of 2021. It may be a good idea to add the Houston Natural Resources Corporation to your watch lists.
Infinity Stone Venture Corp (OTCMKTS: TLOOF) (GEMS.C) – Another one that may be worth tracking from the energy sector is Infinity Stone Venture Corp, which saw its stock go up by as much as 14% yesterday. The company is involved in the critical energy sector and the minerals that it produces are meant for the emerging electric energy sector.
The company had been in the news earlier on in the week on August 2 when it announced that it had made Michael Townsend the new Executive Chairman. Over the course of the past three months, the company has been very active.
Gaensel Energy Group Inc (OTCMKTS: GEGR) – Last but not least, it is the Gaensel Energy Group Inc stock that may be looked into by investors at this point. It is a diversified company with interests in several industries but it is also involved in the energy industry in a big way. It could be a good idea for investors to keep an eye on it.