Although this didn’t happen overnight, the following stocks on today’s list have surged over 100% in market cap over the past year alone. While most shareholders would see this as a positive, it could become problematic for a company to expand its operations so quickly over such a short period of time.
Aurora Cannabis Inc. (CSE: ACB)
Aurora Cannabis Inc., formerly Prescient Mining Corp., is a holding company. The Company’s subsidiary, Aurora Marijuana Inc., is the parent company of Aurora Cannabis Enterprises Inc. (Aurora). Aurora is a medical marijuana company and owns approximately 54,000 square feet facility located on 160 acres in Mountain View County, Alberta.
- Market Cap Last Year: $6,424,423
- Market Cap Now: $40,698,386
- Growth: 533%
Brilliant Resources (TSXV: BLT)
Brilliant Resources Inc. (Brilliant) is a Canada-based exploration company engaged in the acquisition, exploration, development and mining of mineral properties. The Company recently agreed to a US$31.5 million cash payment from the Government of Equatorial Guinea for its exploration rights in that country. It also owns the 4,325 hectare Michikamau Project in Labrador, Canada.
- Market Cap Last Year: $7,472,738.45
- Market Cap Now: $30,041,751.61
- Growth: 302%
Resverlogix Corp. (TSX: RVX)
Resverlogix Corp. is a Canada-based clinical stage biotechnology company. The Company is engaged in developing compounds involving ApoA-I production. The Company’s RVX-208 is a molecule, developed for the treatment of clinical conditions, including atherosclerosis, Diabetes Mellitus and Alzheimer’s disease.
- Market Cap Last Year: $43,531,449
- Market Cap Now: $107,660,940.70
- Growth: 147%
