On the prowl for multibaggers? Here are 5 ASX stocks to watch

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On the prowl for multibaggers? Here are 5 ASX stocks to watch

 On the prowl for multibaggers? Here are 5 ASX stocks to watch
Image source: BEST-BACKGROUNDS,Shutterstock

Highlights

  • Multibaggers refer to the stocks that deliver returns multiple time larges than the cost of purchase.
  • Several ASX-listed stocks managed to give eye-popping returns in 2021 despite COVID-19.
  • SYN, RHI and PRL are a few stocks that can be expected to give exciting returns in 2022.

Multibaggers are the stocks with a potential to generate returns multiple times larger than the cost of purchase. These are issued by companies with strong development prospects and proven management and production techniques. The year 2021 saw several stocks in different ASX sectors offering multiple returns despite challenges posed by COVID-19. With 2021 behind us, we expect many of the multibaggers from the last year to continue their winning run in 2022 as well.

On this note, let’s discuss five ASX-listed multibagger stocks with high growth potential in 2022:

Sayona Mining Ltd (ASX:SYN)

Sayona Mining operates in the metals & mining sector. The high-yielding stock performed well in the lithium industry and provided investors with a high return of nearly 400% in the past one year. The stock has given a year-to-date (YTD) return of over 3%.

On 29 October 2021, the company announced that it had completed its acquisition of North American Lithium with its strategic partner, Piedmont Lithium Inc. The has also secured AU$25.5 million in funding for its expansion in Québec, Canada.

Red Hill Iron Ltd (ASX:RHI)

Red Hill Iron is an iron ore miner, and its primary assets are its Red Hill Iron Ore Joint Venture and the Pannawonica channel iron project.

The firm benefitted from the recent sale of a 40% stake in the (Red Hill Iron Ore Joint Venture) RHIOJV to Mineral Resources Limited, which was done on 3 September 2021. The stock has provided investors with a staggering return of over 800% in the past one year. The stock price has remained flat so far this year.

Province Resources Ltd (ASX:PRL)

Province Resources focuses on the exploration and development of nickel, cobalt, copper, vanadium, gold, and other mineral opportunities.

The stock has provided investors with an impressive return of over 600% in the past one year. The stock has given a year-to-date (YTD) return of over 1%.

Multibaggers are the stocks with a potential to generate returns multiple times larger than the cost of purchase.

Source: © Laviana | Megapixl.com

Anteris Technologies Ltd (ASX:AVR)

Anteris Technologies is a structural heart company based in Australia, engaged in delivering solutions for helping healthcare professionals.

The stock has provided investors with a high return of nearly 200% in the past one year and its year-to-date (YTD) return stands at over 9%.

The company recently announced that it had filed provisional application for a new patent regarding ADAPT®. The proven benefits of its patented ADAPT® tissue technology have the potential to deliver a game-changing treatment to aortic stenosis patients worldwide.

Emyria Ltd (ASX:EMD)

Emyria Limited runs a network of specialist medical clinics, gathering clinical data from consenting patients by using software and technology. It then commercialises the data as clinical evidence.

The stock has provided investors with a high return of over 300% in the past one year. The stock has given a year-to-date (YTD) return of over 1%.

The company recently announced that it has received positive preliminary results from a pre-clinical study which involved the comparison of Emyria’s proprietary, ultra-pure cannabidiol (CBD) formulation (EMD-003 capsule) to Epidyolex oil.  

Epidyolex oil is the only registered CBD product in Australia and the US.

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