After initially falling after returning from trade following its $70 million capital raise, the Nearmap (ASX:NEA) share price has jumped higher gain, now trading at $1.865, close to its all time high.
Nearmap shares have trebled over the past 12 months, making it one of the best performing stocks in the All Ordinaries Index over that period. Effective September 24, 2018 Nearmap will be added to the ASX 300 Index.
Writing in its September update, top performing fund manager Pie Funds said it initiated a position in Nearmap in January this year. The Nearmap share price has soared 206 per cent higher so far in 2018.