Mountain Conquerers: Here are the 33 ASX stocks that have more than tripled in 2020
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2020 has been a tough year for the markets but some 33 ASX stocks have been able to shrug off COVID-19 jitters and more than triple.
Stockhead has found 33 ASX stocks that have gained over 200 per cent between January 1 and June 15, seven of which have gained over 500 per cent.
While the gold sector had by far the most winners, they accounted for just under half of them. Yet mining stocks in commodities other than gold took up a further six spots.
Stocks in the hand sanitiser market only took up two spots while six were in the tech space. The remaining stocks were all the only two-baggers from each of their sectors.
Despite the monumental rise of Zoono (ASX:ZNO), it has been outperformed in 2020 by Skin Elements (ASX:SKN), which took bronze after gaining 791 per cent. Zoono claimed 21st place on a 254 per cent spike.
Skin Elements boss Peter Malone told Stockhead in April the company’s pursuit had nothing to do with COVID. Rather it was related to a shift in the industry away from alcohol-based sanitisers.
Chalice Gold Mines (ASX:CHN) rose due to its Julimar nickel discovery in Western Australia, over 2000km from its gold project in Victoria near Bendigo which it was previously known for.
Among tech stocks, the biggest winner was digital tech agency Neccentric (ASX:NCL), which sits 540 per cent higher this year.
The major catalyst has been prominent Malaysian entrepreneur Ganesh Kumar Bangah’s purchase of an 84 per cent stake in the company.
Quantum computer play Archer Materials (ASX:AXE) has been surging ever since inking a deal with IBM to develop its solution.
Meal kit deliverer Marley Spoon (ASX:MMM) won new customers because of lockdown laws globally preventing people from dining out.
Finally, battery manufacturing play Novonix (ASX:NVX) has been rising thanks to its edging closer to commercialising its breakthrough cathode material manufacturing method.
This could dramatically reduce the costs of manufacuturing lithium-ion batteries for electric vehicles.
There has also been speculation it might be forging a partnership with Tesla because of the similarity between both company’s cathode technologies.