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The Toronto Stock Venture Exchange (TSXV) comprises over 1,600 companies and every year, it releases a list of top performing 50 companies from five different sectors based on how they fared.
Winners of 2021 Venture 50 were shortlisted based on each company’s year-over-year (YoY) stock performance, market capitalization growth and the trading volume for the year ending December 31, 2020.
The following are the top five enterprises from the 2021 Venture 50 list in their respective sectors.
Copyright © 2021 Kalkine Media
In February 2021, Greenlane Renewables graduated to the Toronto Stock Exchange (TSX) and began trading under the ticker ‘GRN’. So, in its place, let’s take a look at the performance of the second-ranked firm in the clean technology category, GreenPower Motor Company Inc (TSXV:GPV), along with the rest of the top performers.
GreenPower Motor Company Inc (TSXV:GPV)
Stocks of GreenPower Motor Company returned about 695 per cent in the past one year. In the past one week, the scrip climbed about six per cent and closed at C$ 20.59 on Tuesday, June 1.
The company, a manufacturer of all-electric buses, recorded revenues of US$ 2.4 million in the third quarter of fiscal 2021.
Vicinity Motor Corp (TSXV:VMC) (Formerly Grande West Transportation Group Inc)
Grande West Transportation Group Inc (TSXV:BUS) changed its name to Vicinity Motor Corp (TSXV:VMC) in February this year. VMC stocks have so far jumped about 38 per cent year-to-date (YTD), and skyrocketed by 749 per cent in the past one year.
On June 1, the scrip jumped about two per cent and closed at C$ 6.5 per unit.
In the first quarter of fiscal 2021, the company's revenue grew by 588 per cent year-over-year (YoY) to C$ 27.3 million.
Vicinity Motor received an order of 10 electric vehicles that will be known as Vicinity Lightning EV buses.
Reconnaissance Energy Africa Ltd (TSXV:RECO)
The oil and gas exploration company has been on the radar of investors since the announcement that its 13,000 square miles of leased land in Namibia and Botswana could have 12 billion barrels of oil or more.
Reconnaissance Energy stock surged by 335 per cent in the past six months. Its quarter-to-date (QTD) growth presently sits at 151 per cent. At market close on June 1, the shares were priced at C$ 8.26 per piece.
In Q1 2021, the value of Reconnaissance Energy’s total assets increased to C$ 68.9 million, up from C$ 30.5 million in Q1 2020.
Copyright © 2021 Kalkine Media
American Lithium Corp (TSXV:LI)
With the electric vehicle industry expanding, the demand for lithium is expected to rise in future. As a lithium company, American Lithium Corp could maximize its growth potential in that light.
On May 11, the company completed a merger with Plateau Energy Metals Inc (TSXV:PLU) and the combined entity's project is now one of the largest lithium development projects in the world.
Upon market close on June 1, the stock was up 340 per cent, at C$ 1.85, from its 52-week low of C$ 0.42 apiece (June 4, 2020). LI stock has also soared by 230 per cent in the past one year.
As per TMX data, American Lithium's market cap is C$ 319.1 million and its price-to-book (P/B) ratio sits at 18.5.
Loop Insights Inc (TSXV:MTRX)
Last week, on May 31, Loop Insights announced that it will be rebranded as Fobi AI. The artificial intelligence company said that it will continue to trade under the ticker ‘MTRX’ for now, but eventually, it plans to update its ticker to ‘FOBI’.
In the past one year, MTRX stock swelled by 933 per cent. It catapulted by 507 per cent in the last nine months.
The scrips closed at C$ 1.55 apiece on June 1, up 1,309 per cent from its 52-week low of C$ 0.11 (June 26, 2021).
As per TMX, Loop Insights holds a price-to-cash flow (P/CF) ratio of 2.4 and offers a 381.6 per cent return on equity.
The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view. The reference data in this article has been partly sourced from EODHD/Others.