This Little-Known Stock Rallies 149% to Take Australia's No. 1 Spot
- Nearmap is a provider of high-resolution aerial images
- Rapid growth due to business model, innovation: CFO Andy Watt
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Australia’s best-performing stock is flying high in more ways than one.
Shares in Nearmap Ltd., which provides aerial images and location data that allow businesses to conduct virtual site visits, have surged 149 percent this year, making it the biggest gainer on the benchmark index. The cloud-based company was added to Australia’s benchmark S&P/ASX 200 index last month.