The Globe and Mail reports in its Thursday edition that technology and mining companies topped this year's TSX Venture 50 list amid the continuing push for a piece of the energy transition.
A Canadian Press dispatch to The Globe says that the TSX Venture 50 list, released on Wednesday by the TSX Venture Exchange, showcases small-cap issuers across energy, mining, clean technology and life sciences, diversified industries, and technology.
The companies are ranked by their 2024 performance in three areas: market capitalization growth, share price appreciation and Canadian consolidated trading value.
Collectively, the TSX Venture 50 companies had a combined market capitalization of $21.7-billion as of the end of last year, up 289 per cent year-over-year.
The companies also delivered an average share price appreciation of 207 per cent, far outpacing growth seen in 2023 and 2022.
The company that took the overall top spot was Newfoundland-based marine tech firm Kraken Robotics. Its market cap soared 437 per cent in 2024, adding more than $587-million. The company made its fourth appearance on the TSX Venture 50 list since its debut on the Venture Exchange in 2015, with an initial valuation of $10.6-million.
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