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The pandemic-inflicted year of 2020 has been harsh on the global economy and stock markets. Now that we can see a light at the end of the tunnel, investors are counting on better performances in the coming year and taking note of companies that are likely to grow. So let’s explore some TSX and TSXV stocks based on their recent performances.
1. Dye & Durham Ltd (TSX:DND)
Dye & Durham Ltd, a cloud-based tech company, generated a capital of C$ 172.5 million in its IPO and become one of the top trading debuts for a Canadian IPO in three decades. The high trending shares shot up over 247 per cent in the last five months since its TSX debut and about 86 per cent month-to-date (December). Dye & Durham stocks closed trading at C$ 51 on December 30.
Dye & Durham’s revenues jumped 29 per cent year-over-year (YoY) to C$ 21.9 million in the first quarter of FY2021.
©Kalkine Group Image
2. GreenPower Motor Company Inc (TSXV:GPV)
Electric vehicle maker GreenPower Motor recorded a massive stock price growth of over 1780 per cent this year. Riding on the rising popularity of the EV industry, the stocks rocketed almost 765 per cent in the last six months and over 136 per cent in the last three months.
GreenPower stocks are currently priced at C$ 37.54.
GreenPower Motor posted a revenue of US$ 2.8 million, a gross profit of 31.2 per cent and cash expenditures of US$ 1.7 million in the second quarter of fiscal 2020.
3. Lithium Americas Corp (TSX:LAC)
Canadian resource company Lithium Americas Corp saw its stocks surge by over 275 per cent this year and about 122 per cent in the last six months. Its price-to-book ratio (P/B) of 12.5 and debt-to-equity (D/E) of 1.21, as per data on the TMX Group.
The stocks are valued at C$ 15.67 currently.
The company has many major projects, including the Cauchari-Olaroz lithium brine project in Argentina’s Jujuy and the Thacker Pass lithium project in Nevada.
4. Magna International (TSX:MG)
Trending high among consumer stocks on the TSX, Magna International is a Canadian automotive supplier of different car parts, including electric vehicle systems.
Stocks of Magna International shot up over 103 per cent in the last nine months since plummeting amid the stock market crash in March this year. While the shares recorded gains of about 27 per cent year-to-date (YTD), they climbed by over 15 in December and 50 per cent in the last three months.
The stocks are valued at C$ 91.77 at the moment.
5. Nuvei Corporation (TSX:NVEI)
Digital payment solutions provider Nuvei Corp became one of the biggest tech IPOs on the TSX in September this year after collecting US$ 833 million in capital. Since its market debut, the stocks grew by almost 70 per cent in the last three months and over 26 per cent in December to date.
Nuvei stocks closed trading at C$ 76.43 on December 30.
The company has a market cap of C$ 3.5 billion, with a price-to-book ratio (P/B) of 7.116 and debt-to-equity (D/E) of 0.09, as per the TMX data.
