Every day there are stocks that bounce back after having gone through a bit of a slump and it is a good idea for investors to consider taking a look at some of those stocks closely. It may often be possible to generate significant returns through these stocks. This week there are some stocks that are on the path to recovery and this article seeks to give you a good look into some of these. Here is a quick look at four stocks which are on the bounce and could be of interest to enterprising investors.
Gaensel Energy Group Inc (OTCMKTS:GEGR) – The first stock to make it to this list is Gaensel Energy Group Inc, which may be on the verge of a bounce back soon. The diversified company had last been in the news back on July 29, 2022, when made an announcement with regards to one of its portfolio companies Metro VR Studios.
The company announced that Metro VR Studious had managed to finalize the initial list of its VR and PVCR titles that would be launched in the early period of next year. It now remains to be seen if the Gaensel Energy Group stock can manage a recovery this week.
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.
Mass Megawatts Wind Power Inc (OTCMKTS:MMMW) – The next one to make it to the list is Mass Megawatts Wind Power Inc and it may be a stock to watch out for anyone who may be interested in renewable energy stocks.
The company had last been in the news back on July 25 when it announced that it had started working on the construction of two solar power systems in Brooklyn, New York. The purpose of these systems is to show the capabilities of its Solar Tracking technology, which is still at the patent pending stage.
Kaival Brands Innovations Group Inc (OTCMKTS:KAVL) – The Kaival Brands Innovations Group Inc stock could be one to watch for over the coming days for investors. Last week on July 25, the company had been in the news after it announced that launch of new self-contained e-vapor products in Canada named VEEBA.
The announcement came not long after the company had tied up a deal with the global tobacco behemoth Phillip Morris International. It may be a good time to add the stock to your watch lists.
Safe-T Group Ltd (OTCMKTS: SFET) – If you are looking for options in the cybersecurity space, then it might be the right time to consider taking a look into the Safe-T Group Ltd stocks. It had been in the news back on July 18 after it announced that it had decided to expand the range of its offerings by providing consumer privacy solutions for Android devices.