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Top High Growth Stocks This Week

Micheal Lombardo

Robust, high-growth companies such as Asanko Gold are appealing to investors for many reasons. They bring about a strong upside to your portfolio, and less downside risk as opposed to financially challenged companies. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.

Asanko Gold Inc. (TSX:AKG)

Asanko Gold Inc. engages in the exploration, development, and production of gold properties. Established in 1999, and run by CEO Peter Breese, the company now has 380 employees and with the market cap of CAD CA$197.35M, it falls under the small-cap category.

AKG’s projected future profit growth is a robust 38.01%, with an underlying 25.31% growth from its revenues expected over the upcoming years. Although reduction in cost is not the most sustainable operational activity, the expanding top-line growth, on the other hand, is encouraging. AKG’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Interested to learn more about AKG? Check out its fundamental factors here.

TSX:AKG Future Profit Mar 18th 18

Gluskin Sheff + Associates Inc. (TSX:GS)

Gluskin Sheff + Associates Inc. is a publicly owned investment manager. Founded in 1984, and headed by CEO Jeffrey Moody, the company provides employment to 135 people and with the company’s market capitalisation at CAD CA$442.61M, we can put it in the small-cap stocks category.

An outstanding 14.42% earnings growth is forecasted for GS, driven by an underlying sales growth of 14.33% over the next few years. It appears that GS’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 56.01%. GS ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Should you add GS to your portfolio? I recommend researching its fundamentals here.

TSX:GS Future Profit Mar 18th 18

Ascendant Resources Inc. (TSX:ASND)

Ascendant Resources Inc. explores for and evaluates mineral properties in Papua New Guinea. Ascendant Resources is headed by CEO Christopher Buncic. It currently has a market cap of CAD CA$82.38M placing it in the small-cap stocks category

ASND’s projected future profit growth over the upcoming years is a robust 49.34%, raising up from the present profit levels of -US$5.82M. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 33.00%. ASND’s bullish prospects on its profitability make it an interesting stock to invest more time to understand how it can add value to your portfolio. Want to know more about ASND? Have a browse through its key fundamentals here.

TSX:ASND Future Profit Mar 18th 18

For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.


To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.