The new Top 5 rating of stocks that recorded the most prominent growth in March includes the shares of AgriFORCE Growing Systems, Ltd., Nine Energy Service, Inc., CTI BioPharma Corp., JX Luxventure Limited, and Voyager Therapeutics Inc.

Selection criteria

  • Shares are trading in NYSE or NASDAQ.
  • The shares are trading on the NYSE and NASDAQ
  • Their stock price is above $2
  • The companies are not funds
  • Their average daily trade over the last 30 days exceeds 750,000 shares

The growth was reflected in percent, as the difference between the closing prices on 28 February and 25 March 2022. The market capitalisation of each company was accurate at the moment the article was prepared.

1. AgriFORCE Growing Systems - 196.6%

Year of establishment: 2017
Country of registration: Canada
HQ: Vancouver
Sector: finance
Exchange: NASDAQ
Market capitalisation: $66.1 million

AgriFORCE Growing Systems, which used to be called Canivate Growing Systems until 2019, develops innovative technology and equipment for optimising agricultural business. Its automatic system, which uses AI and machine learning, provides the perfect conditions for growing crops.

On 10 March 2022, AgriFORCE Growing Systems announced its plans to acquire Deroose Plants. The deal is assessed for $69 million. Deroose Plants is a large company that breeds tissue cultures and grows plantation crops, fruit, and vegetables.

On the same day, the share price of AgriFORCE Growing Systems, Ltd. (NASDAQ: AGRI) skyrocketed 102.37%. On 14 March, the shares shot up 25.71% to $3.96 and on 24 March, they rose 34.89% to $4.91.

On the next day, the shares started correcting and lost 10.59% to $4.39. Over March 2022, the stock quotes of AgriFORCE Growing Systems saw a remarkable rise of a total of 196.6%.

Share price chart of AgriFORCE Growing Systems
Past performance is not a reliable indicator of future results or future performance.

2. Nine Energy Service - 187%

Year of establishment: 2011
Country of registration: US
HQ: Houston, Texas
Sector: production and technical services
Exchange: NYSE
Market capitalisation: $108.31 million

Until 2011, Nine Energy Service was called NSC-Tripoint, Inc. It specialises in the technical maintenance of oil and natural gas deposits. The company offers drilling, cementing, isolating, and other well-completion services.

On 4 March, in anticipation of the quarterly report, and with the increase in crude oil prices, the shares of Nine Energy Service, Inc. (NYSE: NINE) shot up 42.86% to $1.8.

The shares kept growing for the next two sessions: on 5 March, the stock quotes skyrocketed 99.44%, and on 6 March, they went up 57.66%. Thereafter, they kept rising and falling to finally reach $3.3 on 25 March. Over March, the shares of Nine Energy Service saw a phenomenal 187% growth in total.

Share price chart of Nine Energy Service
Past performance is not a reliable indicator of future results or future performance.

3. CTI BioPharma - 175.3%

Year of establishment: 1991
Country of registration: US
HQ: Seattle, Washington
Sector: medical technology
Exchange: NASDAQ
Market capitalisation: $495.04 million

CTI BioPharma was called Cell Therapeutics, Inc. until 2014. It develops innovative low-toxic and highly efficient targeted therapies for treating blood-related cancer.

On 1 March 2022, the US Food and Drug Administration (FDA) approved a drug by CTI BioPharma called Vonjo (pancritinib), meant for treating a rare disease – myelofibrosis.

On the same day, the shares of CTI BioPharma Corp. (NASDAQ: CTIC) grew 63.16% to $3.1. Over the next two trading sessions, the stock quotes went up another 27.4% to $3.95. On 25 March, the share price of the biopharma company reached $5.23. Over March, the stock quotes saw a notable rise of 175.3%.

Share price charts of CTI BioPharma
Past performance is not a reliable indicator of future results or future performance.

4. JX Luxventure - 142.8%

Year of establishment: 2017
Country of registration: China
HQ: Haikou
Sector: non-durable consumer goods
Exchange market: NASDAQ
Market capitalisation: $19.23 million

JX Luxventure Limited got its current name in 2021. Previously, it was registered as KBS Fashion Group Limited. The company calls itself a provider of high-class services: manufacturing luxurious menswear, and selling elite tours and flights.

On 21 March 2022, JX Luxventure announced that one of the largest Chinese online platforms selling goods for pets, Chongqing E-Pet, signed a cooperation agreement with JX Luxventure subsidiary, JX Hainan. Under this blockbuster deal, JX Hainan will supply Chongqing E-Pet with cross-border pet foods worth up to $60 million.

Following this news, on 22 March, the shares of JX Luxventure Limited (NASDAQ: LLL) grew 119.5% to $4.39. As for the total growth in March, it reached 142.8%.

Share price charts of JX Luxventure
Past performance is not a reliable indicator of future results or future performance.

5. Voyager Therapeutics - 137.8%

Year of establishment: 2013
Country of registration: US
HQ: Cambridge, Massachusetts
Sector: medical technology
Exchange market: NASDAQ
Market capitalisation: $339.98 million

Voyager Therapeutics works on gene therapy and innovative methods for the treatment of patients with severe neurologic diseases.

On 8 March 2022, Voyager Therapeutics signed an agreement with the large European pharmaceutical company, Novartis International. The deal, amounting to $1.7 billion, gives Novartis the right to licence adeno-associated virus (AAV) capsids for delivering gene therapies.

On the same day, Voyager Therapeutics issued its report for Q4 and the whole of 2021. The news sent the shares of Voyager Therapeutics Inc. (NASDAQ: VYGR) up 33.33% to $5.24. The stock quotes remained in an uptrend, seeing a total of 137.8% rise over March.

Share price charts of Voyager Therapeutics
Past performance is not a reliable indicator of future results or future performance.

What influenceWhat influenced the growth of shares in March?

In March 2022, the most prominent growth was recorded by the shares of AgriFORCE Growing Systems, Ltd., Nine Energy Service, Inc., CTI BioPharma Corp., JX Luxventure Limited, and Voyager Therapeutics Inc.

AgriFORCE Growing Systems, JX Luxventure, and Voyager Therapeutics achieved stock growth through profitable trades with other companies. Nine Energy Service stock rose thanks to the increase in crude oil prices.

As for CTI BioPharma, its shares grew after the FDA approved its new Vonjo drug against myelofibrosis.

This material and the information contained therein are for informational purposes only and should in no way be construed as providing investment advice for the purposes of the Investment Companies Act 87 (I) 2017 of the Republic of Cyprus, or any other form of personal advice or recommendation relating to certain types of transactions in certain types of financial instruments.


Material is prepared by

Server is the guru of searching for market insights. Since 2019 he writes about everything that might be useful to the investor, focusing on the stock market and its assets.