3 tech hopefuls that keep giving big gains

These three companies have provided shareholders with big returns over the past year.

And they’ve recently boomed again.

Yojee Limited (ASX: YOJ)

The Yojee Limited share price jumped up by more than 20 per cent on Wednesday and is now trading at around 22.5 cents.

The digital logistics and transportation management company’s share price has been fluctuating recently and surged to beyond 25 cents in early October before coming back down.

Although Yojee shares are trading below the level recorded in October, the company’s share price has still delivered returns exceeding 450 per cent over the past year.

Yojee has made numerous announcements about new products and new deals but the company is yet to turn a profit, reporting a loss of nearly $2 million for the year ending June 30 2017.

GetSwift Ltd (ASX: GSW)

The GetSwift share price continues to surge and gained about 8 per cent on Monday, adding to a yearly return of about 1,900 per cent.

GetSwift, another digital logistics and transportation management company, this month announced it had signed deals with Amazon Inc. and Yum! Brands, likely prompting a rapid rise in its share price.

GetSwift shares were trading as high as $4.30 on the back of that announcement, but are now going for about $4.

Novatti Group Ltd (ASX: NOV)

The Novatti Group share price gained about 11 per cent on Wednesday and is trading at around 35 cents.

The stock rocketed in early November, almost doubling in the space of two weeks.

Novatti, a digital payments service provider with a market cap of about $36 million, is also yet to turn a profit and reported a loss of about $4.7 million for financial year (FY) 2017.

But Novatti has made a series of announcements this year that have captured the attention of the market, such as its launch of a “Blockchain-powered Global Money Transfer Solution”, a placement to “sophisticated Chinese investor” and a “MOU to enter multi-billion dollar Indian digital payments market”.

As such, the company’s share price has come a long way from the 17 cents it was trading at a year ago.

Analyst reveals 3 revolutionary tech companies to watch on the ASX

Entire new industries and technologies unheard of 15 years ago are now regular parts of our lives.

It’s difficult to keep up with new developments – but if you think things are changing fast now, you haven’t seen anything yet. We’re in the midst of a technology revolution full of opportunities to make huge amounts of money.

We’ve found 3 Aussie companies at the forefront of this revolution. For everything you need to know, go here!

Motley Fool contributor thefoolsteve has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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