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Junior Canadian equity market Toronto Stock Exchange Venture (TSXV) has come up with a list of its top 50 performers for 2021, and it tells a lot about how emerging companies tackled the coronavirus pandemic over the past year.
Presently, the S&P/TSX Venture Composite Index reflects a growth of nearly 19 per cent year-to-date (YTD), while the S&P/TSX Composite Index is up by about 5.1 per cent this year.
The list ranks the best performing TSXV-listed enterprises from five major sectors based on various criteria. Let’s check out the profiles of top 10 TSXV performers for 2021 from different sectors.
Clean Tech & Life Sciences
1. Greenlane Renewables Inc (TSX:GRN)
Global biogas provider Greenlane Renewables, which recently graduated to the senior platform of TSX, ranks on the top of the 2021 TSXV 50 list among clean tech stocks.
The Burnaby-headquartered firm began trading on TSXV on 10 June 2019, after completing its spinout from holding company Pressure Technologies plc. Since then, its stocks have surged about 738 per cent in the last 20 months.
2. GreenPower Motor Company Inc (TSXV:GPV)
Electric vehicle maker GreenPower Motor currently holds a market cap* of C$ 656 million and a price-to-book ratio* of 14.093. Its trending stocks grew by about 1238 per cent in the last one year
The Vancouver-based enterprise announced on Wednesday, February 24, that it has landed an order from 30 GreenPower EV Stars from logistics company Zeem Solutions.
©Kalkine Group 2021
Diversified Industries
3. Grande West Transportation Group Inc
Canadian bus manufacturer Grande West Transportation records a YTD stock price growth of about 98 per cent. Its stocks, currently trending high on TSXV among top emerging and junior consumer firms, hold a price-to-book ratio* of 19.4.
4. Organic Garage Ltd (TSXV:OG)
Canadian grocery chain Organic Garage ranks second on the 2021 TSXV 50 list among diversified industries. It currently holds a market cap* of C$ 35 million and saw its stocks expand by 385 per cent in 2020.
Mining
5. Reconnaisance Energy Africa Ltd (TSXV:RECO)
The trending TSXV stocks of Reconnaisance Energy Africa ballooned by 372 per cent last year, while recording an annual trading volume of over 105 million. The junior oil and gas company’s market cap*, which was C$ 243 million at the end of 2020, currently stands at C$ 494.8 million.
6. NG Energy International Corp (TSXV:GASX)
NG Energy International, which operates oil and gas exploration projects in Columbia, saw its market cap expand by 989 per cent in span of a year in 2020. Its stock price, meanwhile, skyrocketed by 284 per cent last year.
Energy
7. American Lithium Corp (TSXV:LI)
Lithium resources explorer American Lithium Corp recently shared its plans to acquire peer Plateau Energy Metals to consolidate their development-stage assets. The Vancouver-based company saw its shares catapult by 876 per cent in 2020 and by 177 per cent this year.
8. Cabral Gold Inc (TSXV:CBR)
A junior resource exploration company, Cabral Gold primarily focuses on Brazil-based gold properties. It saw over 87 million of its shares exchange hands in 2020, registered a stock price surge of 492 per cent for the year.
Technology
9. Loop Insights Inc (TSXV:MTRX)
Loop Insights, an artificial intelligence-powered platform that provides its services to businesses, recorded a trading volume of over 258 million last year. Its stock, meanwhile, galloped by a whopping 1,142 per cent in 2020.
The Vancouver-based tech firm holds a market cap* of C$ 127 million at the moment.
10. Bragg Gaming Group Inc (TSX:BRAG)
Stocks of Bragg Gaming Group, a business-to-business online gaming solution provider, moved to the TSX platform in January this year. Prior to that, the gaming stock secured an annual trading volume of over 123 million and stock price surge of 484 per cent in 2020.
