These three companies have been racking up healthy gains over the past year.
Global Geoscience (ASX: GSC)
The Global Geoscience share price continues to charge, notching up another 10% on Wednesday, adding to gains enjoyed by shareholders over the past year exceeding 60%.
The company plans to mine lithium and boron and hopes to disrupt the duopoly of Turkey’s Eti Maden and Rio Tinto Limited (ASX: RIO) which controls the boron market in the United States, reportedly worth about $3.2 billion per year.
Taylor Collinson put a 50 cent price target on Global Geoscience shares back in July.
Global Geoscience shares are currently trading at around 33 cents.
Tungsten Mining NL (ASX: TGN)
Tungsten Mining shareholders have enjoyed a staggering run over the past year with the company’s share price gaining more than 478%.
And, after gaining another 5% on Wednesday, the Tungsten Mining share price is showing little sign of slowing down.
Tungsten Mining aims to discover and develop tungsten deposits in Australia with operations in Queensland and Western Australia.
Tungsten Mining stated that tungsten, a hard metal used for a range of applications from mining to jewellery, is becoming more valuable as demand increases globally with China displaying the greatest appetite for the raw material.
Seafarms Group Ltd (ASX: SFG)
The Seafarms Group Ltd share price was up again on Wednesday, rising 6.25% and adding to gains of more than 120% over the past year.
Seafarms, an aquaculture company with operations in Australia, New Zealand and Vietnam, has grown its business to become the largest producer of farmed prawns in Australia.
Seafarms is continuing its attempts to expand through an initiative called Project Sea Dragon which aims to establish a series of prawn farms in Australia’s north.
Project Sea Dragon is expected to benefit from government initiatives aimed at developing the region.
Seafarms secured funding for Project Sea Dragon from Japan’s Nippon Suisan Kaisha Ltd, one of the world’s leading seafood companies.
The company posted a net loss of $20 million for FY2018 but it appears investors are confident in Seafarms’ ability to turn things around.
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Motley Fool contributor Steve Holland 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 Scott Phillips.