TORA, TBX, MAX, SGMD & FHYD: 5 TSXV growth stocks if you missed Netflix

This year does not look to be a very good one so far for equities. That’s not to say that all stocks have suffered.

The S&P/TSX Venture Composite Index is down 24 per cent and 20 per cent, year-to-date (YTD) and quarter-to-date (QTD), respectively. But some basic material and oil stocks have fared much better.

Recently, Netflix’s stock fell sharply. For some, perhaps it was a chance to pick up a FAANG stock on the dip. The stock, NFLX, has now rebounded over 17 per cent since its 52-week low of C$162.71 reached on May 12.

If you think of that as a missed opportunity, put your FOMO at rest and check these TSXV growth stocks that make for an interesting watch.

Taura Gold Inc (TSXV:TORA)

TORA debuted on the TSXV on December 7, 2021. On December 13, 2021, it fell to its low of C$0.15.

It closed Tuesday, May 17, at C$0.45, 200 per cent higher than its low. The stock has returned 143 per cent YTD including C$48 per cent QTD.

Turmalina Metals Corp (TSXV:TBX)

Turmalina’s interest are in South American gold-copper-silver-molybdenum projects. TBX stood at C$0.56 at market close May 17.

It has gained 53 per cent in the last three months, and much of that has come in the last week, where its growth stands at 40 per cent. It might be termed a rising star.

Max Resource Corp (TSXV:MAX)

MAX ended the trading day Tuesday at C$0.60. Its YTD growth is 145 per cent. It is 18 per cent up in the last five days.

MAX has grown 329 per cent from its 12-month low of C$0.14 seen on August 20, 2021, and it is still likely nowhere near to being overvalued.

Salona Global Medical Device Corp (TSXV:SGMD)

SGMD has risen 336 per cent in a year, including 37 per cent in three months. It closed Tuesday at C$0.71.

Its 52-week low was on June 9, 2021, where it traded at C$0.42. It is 69 per cent better than that. Given that its 52-week high on July 5 was C$1.49, it too seems nowhere near to being overvalued.

First Hydrogen Corp (TSXV:FHYD)

FHYD’s trajectory over the last year has generally been upward. Its one-year growth is 88 per cent. It closed Tuesday at C$2.80.

In 2022, it grew 46 per cent, so far. Its one-year low of C$1.12 was way back on May 26, 2021, and it is 150 per cent better.

Bottom line

These stocks seem like rising stars and have been on a growth trajectory despite most indices and equities, generally, experiencing a bearish phase. However, they do not boast great valuation metrics and nothing in the stock market can be guaranteed. Their growth trajectories going forth make for an interesting watch.