As another trading week trudges along, it is time for investors to take a look at some of the stocks which may have managed to record significant gains on Monday and may well be well placed to garner attention for the rest of the week. Hence, this article is going to provide you with a quick look into those stocks which have gained momentum lately. Stocks with strong momentum may often go on to record gains for the upcoming days as well and hence, it may be a good move to take a look into them.
Mass Megawatts (OTCMKTS:MMMW) – Renewable energy company Mass Megawatts saw its stock experience considerable action yesterday as it ended up with gains of as much as 12.59%. The rally in the stock was actually brought out by a short squeeze.
It happens when short sellers have to buy back their shares in light of the rise in the stock price and it is now going to be interesting to see if the Mass Megawatts stock continues to rise as more and more short sellers rush to cover their positions.
General Enterprise Ventures Inc (OTCMKTS:GEVI) stock ended up on a bullish note with gains of as much as 10.53%. Back on September 21 the company had come into focus after it provided some updates. The company announced that it had made an application for changing its name to General Environmental Ventures and it was being evaluated by FINRA. The company also announced that it was fully focused on its subsidiary Mighty Fire Ventures at this point.
Sekur Private Data Ltd (OTCMKTS:SWISF) (SKUR.C) – Cybersecurity firm Sekur Private Data Ltd was in focus in the Canadian markets yesterday and had ended up with gains of 7.14% for the day. The company announced yesterday that it had been successful in crossing its target for the number of paid users for 2022. Considering the fact that there is still some time left for the year to end, it was a significant milestone for Sekur Private Data and the rally is perhaps understandable.
BlockQuarry (OTCMKTS:BLQC) is another winner with a gain of 3.26% for the day. The company is involved in cryptocurrency self-mining and mine hosting operations and all that is done from its leased plant located in the Southeastern region of the United States. In addition to that, the company is also known to maintain crypto mining equipment and infrastructure. It may be a good idea to keep an eye on the BlockQuarry stock this week.
Houston Natural Resources Corporation (OTCMKTS:HNRC) – Last but certainly not least it was the Houston Natural Resources Corporation stock that had managed to gain momentum yesterday. The company was in the news earlier on this month after it projected healthy revenues for the full fiscal year. It may be a good idea for investors to add the stock to their watch lists.
