PLS, NEU, CNB: 3 ASX stocks with over 100% past-year returns

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Highlights

  • Several ASX stocks have returned over 100% to shareholders in the past year.

  • Such stocks are known as multibaggers.

  • PLS, NEU, and CNB are a few big names which have given attractive returns.


Despite the ASX 200 trading on a volatile note in the recent past, several Australian stocks have delivered attractive returns to their shareholders in the past year. These multibagger stocks belong to companies which have strong fundamentals but are generally undervalued. The size of returns becomes more attractive considering recent pressures on the stock market in form of the COVID-19 pandemic, Omicron, and now the Russia-Ukraine conflict.

Here we discuss three ASX-listed stocks with over 100% returns in the past year.

Pilbara Minerals Ltd (ASX:PLS)

Pilbara Minerals is a producer and explorer of lithium and tantalum. The company’s primary project is the Pilgangoora Operation, situated in Western Australia.

In the past one year, the stock has delivered a return of over 193%. However, the stock has fallen nearly 16% year to date (YTD).

For the six months ending 31 December, Pilbara reported a 394% rise in revenue to a record AU$291.7 million. Underlying profit after tax (PAT) stood at AU$84.2 million. During the given period, Pilbara Minerals achieved an average selling price of nearly US$1,250/dmt.

Neuren Pharmaceuticals Ltd (ASX:NEU)

Neuren specialises in neurological conditions. The biopharmaceutical company is currently developing new drug therapies for neurological disorders.

In the past one year, the stock has delivered a return of over 216%. The stock is up over 3% year-to-date (YTD).

In FY2021, Neuren reported a loss after tax of AU$7.8 million. Cash reserves stood at AU$36.8 million. Neuren expects to have a revenue of AU$115 million over 2022 and 2023 in the US alone for Rett syndrome.


 


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