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Highlights
- Multibagger Stocks give more than 100 per cent return to investors on their original investments.
- Canadian equity markets give a wide variety of stock options and the major stock exchanges are TSX and TSXV.
- Read this article further to know about a few stocks which gave massive returns in 2021.
Canadian equity markets offer a wide variety of stocks to investors and some of them have given them massive returns since the beginning of this year.
Stocks that give more than 100 per cent returns on the original investment as referred to as multibagger stocks in the equity world.
That said, let’s look at a few Canadian stocks which gave massive returns to the shareholders in 2021.
Paramount Resources Ltd. (TSX:POU)
The Calgary-based energy company is involved in the production and distribution of crude oil, natural gas, and natural gas liquids. Paramount Resources has business operations in British Columbia and Alberta.
At the end of the trading session on Tuesday, December 14, the POU stock was priced at C$ 20.73 per share and it has given 314.6 per cent return year-to-date (YTD).
Filo Mining Corp. (TSX:FIL)
The metals and mining company explores and develops mineral properties in South America. Filo Mining used to trade on TSX Venture Exchange (TSXV) and it started trading on the Toronto Stock Exchange (TSX) on October 1, 2021.
Also Read: Top 3 Canadian metaverse stocks of 2021
In the last 12 months, FIL stock skyrocketed by 473.16 per cent and surpassed the TSX 300 Composite Index's growth of 382.6 per cent. Meanwhile, the stock returned 464 per cent YTD to the shareholders.
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AirBoss of America Corp. (TSX:BOS)
The Toronto-based company makes rubber-based products for automotive, industrial, and military markets. AirBoss has major business operations in the United States, Canada and other countries.
By the end of Q3 2021, AirBoss had completed the acquisition of Ace Elastomer, Inc. for US$ 42.5 million in cash.
The BOS stock returned about 164 per cent YTD and expanded by eight per cent in the last three months.
Top Canadian Multibagger Stocks of 2021
BELLUS Health Inc. (TSX:BLU)
The biopharmaceutical company recently announced positive results of the trial of a chronic cough condition. BELLUS Health said that the positive results could take it closer to the chances of getting approval from the regulatory authorities.
On December 13, the BLU stock clocked a 52-week high of C$ 12.59 apiece and it has catapulted by 175 per cent YTD.
Hut 8 Mining Corp. (TSX:HUT)
Based in Alberta, Hut 8 is a miner of digital assets and it has one of the highest installed capacity rates in the world. The company is committed to mining and holding Bitcoin and gives an option to stock market investors to indirectly get exposure to the crypto world.
Also Read: What are the most actively traded Canadian Stocks in 2021
In November, Hut 8 mined 245 Bitcoin and the total number of the world's oldest cryptocurrency was 5,242 as of November 30, 2021.
In the past year, the HUT stock has surged 577 per cent and 199 per cent since the beginning of this year.
