Energy Players Gaining Momentum: $SNRG
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.