Some of the best performing stocks from last year with a market cap over $150 million.
Mesoblast (ASX:MSB)
- Market capitalization: $3 billion
- Gain over 1 year: 775%
- Current price: $2.63
Mesoblast specializes in the development of drugs for the treatment of serious inflammatory conditions. Their technology is applied to pathologies such as chronic heart failure and chronic low back pain. Mesoblast’s lead product candidates are in advanced stages of clinical development.
In December, Mesoblast received FDA approval for its drug Ryoncil for the treatment of steroid-refractory acute graft-versus-host disease (SR-aGVHD) in children. This is a disease where, following a stem cell transplant, the donor’s immune cells attack the patient’s body.
ZipCo (ASX:ZIP)
- Market capitalization: $3.93 billion
- Gain over 1 year: 433%
- Current price: $3.01
Zip Co is a buy now, pay later (BNPL) service that allows consumers to pay for their purchases over time without interest. It operates in several countries, including Australia, New Zealand and the United States.
After a capital increase in July, the company eliminated corporate debt from its balance sheet.
In August, in its FY24 results, Zip reported a 28.2% increase in revenue to $868 million and a 243.2% increase in cash EBTDA to $69 million. dollars. It also announced a partnership with Stripe in the United States.
Appen (ASX:APX)
- Market capitalization: $602 million
- Gain over 1 year: 264%
- Current price: $2.31
Appen provides datasets for machine learning and artificial intelligence applications.
In March 2024, Appen Google terminated its contract with Appen for search quality rating services. However, Appen reported a return to revenue growth in its FY24 half-year results in August. The company achieved a 28.3% increase in revenue in new markets, particularly in China and global products. Cost control measures led to an underlying improvement in EBITDA of $13.4 million compared to the previous corresponding period.
Southern Cross Gold (ASX:SXG)
- Market capitalization: $814 million
- Year to date: 180%
- Current price: $3.69
Southern Cross Gold owns the Sunday Creek, Whroo, Redcastle and Mount Isa projects.
In June, Southern Cross and Mawson Gold entered into a non-binding agreement to merge through a scheme of arrangement, with plans for a dual listing on both the Australian and Toronto stock exchanges.
In December, the company announced positive drilling results at the Sunday Creek gold and antimony project near Melbourne. Notably, an interception of 186 m at 8.8 g/t gold.
