The Relative Strength Index (RSI) is a technical analysis metric that measures if a stock is overbought or oversold, with a measure under 30 suggesting an oversold stock. The metric is calculated using the average gains and losses of an asset over a specified time period (30 days in our case). That being said, the stocks on our list today pay a generous dividend and are measured as oversold, which could present an opportunity for investors.
CanWel Building Materials Group Ltd. (TSX: CWX) – $4.84
Construction Materials
CanWel Building Materials Group Ltd. is a Canada-based wholesale distributor of building materials and home renovation products and a provider of wood pressure treating services. The Company operates through two divisions: CanWel Building Materials and CanWel Treating. CanWel Building Materials Group services the home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns across Canada.
- Market Cap: $205,759,338
- 5/30 day Volume Percent Change: 156.7%
- RSI (30 days): 25.9
- Dividend Yield (LFQ annualized): 11.5%
Velan Inc. (TSX: VLN) – $15.75
Industrial Machinery & Equipment
Velan Inc. is a manufacturer of steel industrial valves. The Company designs, manufactures and markets a range of industrial valves for use in various industries, including power generation, oil and gas, refining and petrochemicals, chemicals, pulp and paper, liquefied natural gas and cryogenics, mining and shipbuilding. Its product lines are grouped into the broad categories of gate, globe, check and quarter-turn valves.
- Market Cap: $99,518,182
- 5/30 day Volume Percent Change: 136.0%
- RSI (30 days): 18.9
- Dividend Yield (LFQ annualized): 8.8%
Looking for more hidden gems? Get your free Ubika Sustainability 20 Monthly report.
The Ubika Sustainability 20 (US20) index surged 16.9% this past month, with only six constituent companies in the red. Its performance far outpaced the 4.8% increase in the DJSI – North America 40, and the 1.4% decline for the TSX Venture Index. NatureBank Asset Management Inc. (TSXV: COO) was the top-performing component company, powering 57% higher following a corporate re-branding. Get your copy of the Ubika Sustainability 20 report here >>
High Liner Foods Inc. (TSX: HLF) – $12.53
Food Processing
High Liner Foods Incorporated is a Canada-based company, which is engaged in the processing and marketing of value-added frozen seafood. The Company owns brands, and is also a supplier of private label frozen seafood products for North American food retailers, including club stores and foodservice distributors. It operates in two business units: the United States and Canada.
- Market Cap: $377,190,340
- 5/30 day Volume Percent Change: 94.5%
- RSI (30 days): 24.1
- Dividend Yield (LFQ annualized): 3.9%
Newalta Corp. (TSX: NAL) – $4.76
Environmental Services & Equipment
Newalta Corporation is a Canada-based provider of engineered environmental solutions to the oil and gas industry. The Company operates New Markets segment and Oilfield segment. The New Markets segment includes mobilization of equipment and staff to process waste at its customer sites, the processing of oilfield-generated wastes, including treatment, water disposal, landfilling and the sale of recovered crude oil; site remediation, centrifugation, dredging and dewatering, and the supply and operation of drill site processing equipment, including solids control and drill cuttings management. The Oilfield segment includes the processing of oilfield-generated wastes, including treatment and disposal, water disposal, clean oil terminalling, custom treating, the sale of recovered crude oil and the supply and operation of drill site processing equipment, including solids control and drill cuttings management.
- Market Cap: $267,123,603
- 5/30 day Volume Percent Change: 74.8%
- RSI (30 days): 16.8
- Dividend Yield (LFQ annualized): 10.5%
Calian Technologies Ltd. (TSX: CTY) – $15.70
Business Support Services
Calian Technologies Ltd. is a Canada-based company engaged in providing technology services to industry and government. The Company operates two segments: Systems Engineering and Business and Technology Services. Calian’s health services range from the deployment of healthcare professionals at its clients’ sites to the delivery of large-scale, networks of medical facilities across Canada.
- Market Cap: $109,672,954
- 5/30 day Volume Percent Change: 26.4%
- RSI (30 days): 28.6
- Dividend Yield (LFQ annualized): 7.5%
