1000% higher than 52-weeks low. Should you buy these 4 stocks now?

Highlights 

  • Investors constantly seeking to buy low and sell high can benefit from identifying stocks that have risen sharply from their lows in the past year.
  • Some stocks which have risen by over 1,000 per cent from their 52-week lows include Argo Blockchain PLC, Plaza Centers NV and others.

Every investor aims to buy a stock at a low price and sell it off when it is at a high. Here is a list of the top 4 FTSE listed stocks on the London Stock Exchange (LSE) which have significantly surged from their 52-week lows and has thus been able to provide their shareholders a strong profit.

Let us look at the 4 FTSE listed stocks which are trading over 1,000 per cent from their 52-week lows:

  1. Argo Blockchain PLC (LON: ARB)

Argo is a main market listed crypto mining company. It launched an IPO on the NASDAQ for 7,500,000 American Depositary Shares today.

It has a market cap of £500.20 million, and its one-year return is of 2,479.27 per cent as of 14 September. It is trading at 2,995.06 per cent above its 52-week low of GBX 4.31.

  1. Plaza Centers NV (LON: PLAZ)

Plaza Centers is a real estate development company focused on shopping and entertainment centres. It recently reported the valuation of its property located on Varthur Main Road in Bangalore, India.

The property was valued at INR 1.839 million as per the land sale comparison method and INR 1.834 million using the discounted cash flow method.

It has a market cap of £ 8.57 million, and its one-year return is of 300 per cent as of 14 September. It is trading 1,150.00 per cent above its 52-week low of GBX 10.

  1. GSTechnologies Ltd (LON: GST)

GSTechnologies is a global technology company. It recently raised a gross of about £1.415 million through a share placing of up to 141.5 million shares.

The proceeds from the share placement will be used to continue developing GST’s information and communication technology and also its internet of things services.

It has a market cap of £ 15.68 million, and its one-year return is 346.66 per cent as of 14 September. It is trading at 1,085.77 per cent above its 52-week low of GBX 0.10.

  1. Zephyr Energy PLC (LON: ZPHR)

FTSE AIM All-Share index constituent Zephyr, is a tech enabled oil and gas exploration and development company. It recently completed the acquisition of two more non-operated near-term productions in its Williston Basin portfolio.

The first acquisition purchased an average of 5.6 per cent working interest in 4 DUC wells, and the second averaged 3.1 per cent of the working interest in 11 wells.

It has a market cap of £ 80.70 million, and its one-year return is 712.48 per cent as of 14 September. It is trading 1,009.09 per cent above its 52-week low of GBX 0.55.

Conclusion

Investors who had invested in these companies while they were at their 52-week lows will have been able to make a tidy profit.

While such stocks include companies from varied industries, most of these companies are either operating in the tech or crypto adjacent sectors, thus investors considering increasing their exposure to up-and-coming tech or crypto based stocks can consider such companies but should be able to time their investment in such a way that they are able to maximise profits.

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