The Canadian stocks we’ve discovered have generated surprisingly spectacular returns during the past year
SmallCapPower | July 30, 2020: Hindsight is 20/20, but sometimes with investments it almost seems obvious at the time which companies will likely reward shareholders the most. Today, though, we have uncovered three surprising Canadian stocks that have produced the biggest gains during the past year.
*Returns are based on closing stock prices as of July 29, 2020
Facedrive Inc. (TSXV:FD) – $18.30
Facedrive calls itself a “people-and-planet first” platform, offering socially-responsible services to local communities and is committed to doing business fairly, equitably and sustainably. Facedrive Rideshare was the first to offer green transportation solutions in the TaaS space, planting thousands of trees and giving users a choice between EVs, hybrids and conventional vehicles. Facedrive Marketplace offers curated merchandise created from sustainably-sourced materials. Facedrive Foods offers contactless deliveries of healthy foods right to consumers’ doorsteps. Facedrive Health develops technological solutions to the most acute health challenges of the day. During Q1 2020, Facedrive generated $387,901 in revenue, up from $36,027 a year earlier.
- One-Year Return: 2715%
Trillium Therapeutics Inc. (TSX:TRIL) – $9.48
Trillium Therapeutics is an immuno-oncology company developing therapies for the treatment of cancer. The Company’s two clinical programs, TTI-621 and TTI-622, target CD47, a “do not eat” signal that cancer cells frequently use to evade the immune system. Trillium had approximately $135 million in cash and equivalents as of March 31, 2020.
- One-Year Return: 2007%
Real Matters Inc. (TSX:REAL) – $30.49
Real Matters offers network management services for mortgage lenders and insurance companies. The Company’s platform integrates its proprietary technology and network management capabilities with its large, independent qualified field professional base to provide an efficient marketplace for mortgage lending and insurance industry services. The Company’s current client base includes about 60 of the Top 100 mortgage lenders in the U.S. and a few of the largest insurance companies in North America. Real Matters also provides residential real estate appraisals for the mortgage market and is an independent provider of title and mortgage closing services in the United States. On May 6, 2020, Real Matters announced that its second-quarter 2020 U.S. Appraisal and U.S. Title revenues hit a record high, with consolidated Adjusted EBITDA for the quarter of US$14.6 million, up from $2.8 million during the same period last year.
- One-Year Return: 291%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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