The Toronto Stock Exchange has revealed its Top 30 best-performing stocks of 2022, with miner Aura Minerals Inc topping this year’s list.
The Latin America-focused resource company saw its share price appreciate by 683% over the last three years as it grew to exceed 400,000 ounces of production from its portfolio of operating assets.
Unsurprisingly for the Canadian exchange, the Top 30 was dominated by resource companies: 14 of the 30 are oil and gas companies; eight are mining companies.
Names like Obsidian Energy (TSX:OBE, NYSE:OBE) Ltd, Crew Energy Inc (TSX:CR) and Capstone Copper Corp all performing well, with Lithium Americas Corp (TSX:TSX:LAC, NYSE:LAC) rounding out the top five.
In contrast to 2021’s list, where Shopify (TSX:SHOP) ranked highly, technology firms had a poorer showing after the global sector saw technology stocks like Tesla (NASDAQ:TSLA), Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) finish their worst quarter in years. The Nasdaq was down nearly 30% by the midway point of 2022.
A notable exception on the TSX list was high-tech firm PyroGenesis Canada Inc, which manufactures and commercializes advanced plasma processes. The Montreal-based firm ranked ninth after its share price gained 353% over the past three years.