3 TSX Stocks Under C$8 Returning Over 150% In One-Year

3 min read | January 18, 2021 11:18 AM EST | By Hina Chowdhary

Summary

  • Stocks of WELL Health rocketed by 300 per cent in one year.
  • Stocks of gaming companies Enthusiast Gaming and Score Media have gained over 173 per cent in a years’ time.
  • All these three growth stocks are priced under C$8 (as on January 18, 2021).

 

A three-digit return on stock investment sounds like a tempting offer, especially amid the ongoing pandemic crisis. Three Toronto Stock Exchange (TSX)-listed stocks have been providing investors exactly that kind of return!  

First, is a healthcare stock that has delivered over 300 per cent returns in one year. Second is a Vancouver-based gaming company that has advanced by 150+ per cent. And finally, a Toronto-based media and gaming company stock has swelled 250+ per cent in the same period.

Moreover, these stocks are currently priced just under C$ 8 apiece.

We’re referring to WELL Health, Enthusiast Gaming and Score Media and Gaming.

Let us have a look at the market fundamentals of these growth stocks:

 

WELL Health Technologies Corp. (TSX:WELL)

 

Stocks of the healthcare service provider have soared as much as 305 per cent in one year, led by an unprecedented demand for digital and tele-health services. Its present stock price stands at C$ 7.62, with a price-to-book ratio of 14.377.

The company’s market cap crossed C$ 1 billion in late 2020.

Scrips of the medical tech company have a price-to-cashflow of 28.10 and a debt-to-equity ratio of 0.18.

To enhance its network, the company acquired Adracare, a company specializing in mental health, on January 4, 2020. WELL also added Source 44 in its kitty to improve its cybersecurity operations in December 2020.

 

Score Media and Gaming Inc. (TSX:SCR)

 

Stocks of the betting sports company have swelled by 256 per cent, led by the surge in indoor games.

Score has a current stock price of C$ 2.92 and a market cap of C$ 1.266 billion. The digital media stock is trading actively on the TSX with a 10-day average volume of 4.56 million.

In the first quarter of the fiscal year 2021, ended on November 30, 2020, the company’s gaming app theScore Bet generated revenue of C$ 55.8 million, an increase of 535 per cent year-over-year (YoY).

 

Enthusiast Gaming Holdings Inc. (TSX:EGLX)

 

This gaming stock has scored over 173 per cent in one year. Shares of the interactive media company have increased by 43 per in the last one month. Thus, the stock made it to the top communication companies of TMX.

The company has a market capitalization of nearly C$ 562 million, with a current stock price of C$ 5.41. It holds a price-to-book ratio of 3.783.

In the third quarter of 2020, ended on September 30, 2020, the gaming company reported revenue of C$ 16.3 million, a rise of 133 per cent versus C$ 7.0 million in the second quarter of 2020.

 

 


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