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1,226% Gain Makes This Stock Australia’s Top Performer

  • Big Un makes promotional videos for small businesses
  • Skeptics say company still needs to prove sustainability
Bloomberg business news
Bloomberg’s Kanika Sood looks at the factors behind the 1200% surge in an Australian technology stock.(Source: Bloomberg)
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The technology industry isn’t a heavyweight in Australia, but it has provided investors with a stock that has jumped 1,383 percent this year.

Big Un Ltd., which uses its software to make promotional videos for restaurants, salons and other small businesses at lower costs, is the top performer this year among the almost 700 companies in Australia whose shares fetch at least A$1 (77 cents) apiece. A penny stock until June, Big Un closed at A$3.41 Wednesday and was worth A$510.8 million.