These ASX shares have more than doubled in value in 12 months

The All Ordinaries (Index: ^AXAO) (ASX: XAO) rose 0.5% today, stretching its 12-month return to approximately 10% excluding dividends.

Whilst this is a strong return, it pales in comparison to some of the gains being made on the index during the period.

The three shares listed below have more than doubled in value during this time. Here’s why:

The Beach Energy Ltd (ASX: BPT) share price has rocketed 159% over the last 12 months. The energy producer has caught the eye this year after completing the acquisition of Lattice Energy from Origin Energy Ltd (ASX: ORG) and announcing plans to grow its production to between 34 million and 40 million barrels of oil equivalent by FY 2023. As a comparison, in FY 2018 Beach Energy achieved total production of 19 million barrels of oil equivalent. While I do think that Beach Energy is a top energy producer, I feel its shares are a touch expensive now. As a result, I would suggest investors wait in hope for a pullback in its share price.

The Clinuvel Pharmaceuticals Limited (ASX: CUV) share price has risen a massive 234% since this time last year. A good portion of this gain has come in the last few weeks following a positive announcement related to the biopharmaceutical company’s SCENESSE product. SCENESSE has been developed as a first-line pharmaceutical product aimed at treating patients with the rare genetic disorder erythropoietic protoporphyria. Last month the company advised that the US Food and Drug Administration issued a request for further documentation to support the company’s new drug application. Management sees this request as an integral part of the ongoing dialogue between the two parties. A decision on its Priority Review will be made following satisfaction of all agency requests, which means a potential launch may not be too far away.

The Nearmap Ltd (ASX: NEA) share price has rocketed 163% over the last 12 months. Investors have been fighting to get hold of the geospatial imagery company’s shares thanks to its progress in the key U.S. market. Strong growth in the market recently led to a significant increase in annualised contract value. This caught the eye of institutional investors, allowing Nearmap to raise $70 million to fund its international expansion plans. The company is now looking at expanding into the Canada, UK, and European markets. I wouldn’t be surprised to see it extend this impressive share price gain if this expansion is a success.

Could this top share be next in line for big gains? This stock picker thinks so.

Top Australian Stock Picker Just Issued Rare “Double Down” Buy Alert

Discover why this legendary Australian stock-picker just issued a “Double Down” buy alert to his exclusive group of insiders… and why he’s convinced this might be the single most attractive entry point for years to come.

Simply click here to get started and access our secure sign-up page.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!