At the beginning of a new trading week, it is almost always necessary for investors to consider taking a look at what happened in the markets on the previous trading day on Friday. This morning investors are going to be looking closely into some of the stocks which performed strongly on Friday and then make their minds up about those stocks one way or another.
This article looks into the three top performers from last Friday and gives you a better idea about the companies so that you can have a better idea about those.
1. Safe-T Group Ltd (NASDAQ:SFET): This past Friday, the global cybersecurity firm Safe-T Group Ltd had come into considerable focus among investors and ended up with gains of as much as 15% for the day. In light of such considerable gains, it may be a good idea for investors to take a closer look at it this morning.
The company came into sharp focus among investors on Friday after it announced that it had gone into a new partnership with the two companies DreamVPS and TerraZone. As per the provisions of this partnership, the three companies are going to be involved in creating a Virtual Private Workforce cloud service that is expected to be the first of its kind in the world. The news came as a source of considerable optimism for investors and the stock ended up with those gains on Friday.
At this point in time, it is going to be interesting to see if the Safe-T Group Ltd stock can continue to add to its gains through the rest of the week. Investors could do well to add it to their watch lists at this point in time.
2. SusGlobal Energy Corp (OTCMKTS:SNRG): The other stock which managed to clock considerable gains on Friday was that of the SusGlobal Energy Group. It is a new-age energy company and although there was no news at all about the company on Friday, the stock flew nonetheless on the back of the heavy volume.
The SusGlobal stock went up by as much as 74.97% on Friday and it is quite likely for it to come on to the focus of investors this morning as well. In addition to that, it is perhaps also necessary for investors to note that the trading volume in the stock had also gone up considerably. It had gone up threefold amidst frenzied trading. The company is currently best known for deploying its proprietary solutions for solving new-age energy problems and that is something that could provide the company with a considerable long-term boost.
At this point in time, it might be the right move for investors to keep an eye on the stock and on news about SusGlobal. Alternatively, it remains to be seen if the stock can add to its gains today or if there is a correction owing to profit booking.
3 Mass Megawatts Wind Power (OTCMKTS:MMMW): Last but not the least, it is the Mass Megawatts Wind Power Inc stock that had emerged as one of the biggest gainers last Friday and had clocked gains of as much as 23.73% amidst heavy trading volume.
The trading volume on Friday had gone up by as much as three and a half times the average trading volume for the stock over a 60 day period. It is easy to see why the stock rallied on Friday. On March 11, the company announced that it had a strong cash position and that was going to allow it to conduct its business in a far more efficient manner.
Mass Megawatts noted that the cash position is going to allow it to reach its milestones with regards to its sales growth and eventually hit profitability. Hence, it may be a good idea at this point to keep an eye on the stock and watch for further developments closely.
