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When stock record gains, then there are some things that investors need to consider. A bit of a rally in the stocks may not be an indication of further gains and hence, it is necessary to look deeper into a company in order to figure the situation out. On the other hand, a stock can decline right away due to profit booking. This article is going to give you a look into four stocks that have made gains and could well be added to the watch lists at this point in time.
Houston Natural Resources Corporation (OTCMKTS:HNRC) – The first company that made it to this list is Houston Natural Resources Corporation, which had seen its stock make a strong upward move last week.
The company was in major focus among investors last week after it announced on Wednesday that it was going to spin its non-energy assets into a separate entity named Worldwide Diversified Holdings Inc and consequently pay dividends to the shareholders as well.
It was a major new announcement from the company, considering the fact that following this spin-off Houston Natural Resources Corporation is going to be involved in acquisitions and also its other core activities like wastewater treatment. It may be a good time to keep an eye on the Houston Natural Resources Corporation stock.
Mass Megawatts Wind Power Inc (OTCMKTS: MMMW) – Last Friday the renewable energy firm Mass Megawatts Wind Power Inc had been in the middle of a strong rally and had managed to clock gains of as much as 20% as a consequence. The company came into sharp focus among investors after it emerged that it had been successful in joining the Corridor 9/495 Chamber of Commerce.
Mass Megawatts Wind Power decided to join the chamber in order to open up more sales opportunities. The reaction from the investors was positive and it remains to be seen if the stock can hold on to its momentum.
SusGlobal Energy Corp (OTC:SNRG) – The next one that ought to be added to the watch list could be the SusGlobal Energy Corp stock considering the fact that the company made a significant announcement earlier this week. On July 6, SusGlobal Energy Corp announced that its fully owned subsidiary unit SusGlobal Energy Hamilton Ltd had received the permit for building a water processing plant from the Planning and Economic Development Department Building Division City of Hamilton.
It was a major new development for the company as the facility is going to be responsible for turning organic waste into fertilizers. It is going to be interesting to see if the stock manages to come on to the radars of investors in the coming days or not.
Safe-T Group Ltd (OTCMKTS: SFET) – Last Friday Safe-T Group Ltd was another company that saw its stock make a big move as it ended the day with gains of as much as 10%. The company is best known for its work in the fast-growing cybersecurity business. However, on Friday, the company entered the home computer market through the launch of its very first consumer privacy solution.