Are these the best performing Australian stocks since COVID?
Markets have bounced back since COVID, but these Aussie stocks are the true winners.
The emergence of the coronavirus pandemic in early 2020 devastated global markets and the Australian Securities Exchange (ASX) was no exception.
The S&P/ASX 200 index fell from 7,139.00 on 21 February 2020 to 4816.60 by 20 March 2020, a 32% drop in less than 30 days.
Four years on and the ASX 200 has since recovered the ground it lost thanks to COVID, and anyone who managed to buy the dip would now be up as much as 60%, ignoring dividends.
Like the ASX, US stock markets have also rebounded, with the S&P 500 up 124%, and the NASDAQ-100 up an impressive 158% since the COVID lows.
That's nothing to sniff at.
But how much could you be up if you had picked certain Aussie stocks instead?
Bannerman Energy (ASX: BMN)
Price on 20 March 2020: $0.18
Price today (market open): $4.65
Total increase: 2,483%
Return on $1,000: $25,833
A uranium development company headquartered in Western Australia, Bannerman owns Etango, one of the world's largest advanced uranium projects in Namibia.
Silex Systems Ltd (ASX: SLX)
Price on 20 March 2020: $0.21
Price today (market open): $6.00
Total increase: 2,757%
Return on $1,000: $28,619
Australian tech company Silex Systems Ltd specialises in laser enrichment technology for use in uranium production and processing, quantum computing and cancer treatment.
Paladin Energy Ltd (ASX: PDN)
Price on 20 March 2020: $0.39
Price today (market open): $16.09
Total increase: 4,026%
Return on $1,000: $41,256
Like Bannerman, Paladin Energy is also a uranium production company based in Western Australia. It operates mines in Australia and Namibia.
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