While the market has managed to carve out a gain of 5.3% so far in 2017, a number of shares have managed to vastly outperform it with sizeable gains.
Two speculative shares which have moved more than most this year are listed below. Are they the real deal or best avoided?
The AuMake International Limited (ASX: AU8) share price has risen 300% since listing on the ASX at the start of October. Investors appear to believe that the retail company which connects Australian suppliers directly with daigou and Chinese tourists has a bright future ahead of it. So much so AuMake's market cap has risen to almost $95 million now.
While there's no doubting the lucrative opportunity that the company has ahead of it, I would suggest investors wait to see how its sales develop over the next 12 months.
The Digitalx Ltd (ASX: DCC) share price has climbed 280% since the start of the year. Speculators have been fighting to get hold of the company's shares due to its exposure to the blockchain industry and bitcoin. In the last few months the company has announced plans to launch Bitcoin ATMs and expand into initial coin offerings.
These could provide the company with significant revenues in the future if bitcoin becomes mainstream. However, there clearly is still a long road ahead before this happens. During the last quarter DigitalX generated revenues of just US$214,000 from corporate advisory fees and US$11,000 from referral fees.
