2024 has emerged as a remarkable year for investors, with stock indexes witnessing dramatic upward trends. While the S&P/TSX Composite index has surged by over 18% this year, several stocks stand out with jaw-dropping gains that many investors could only dream of.

Here are the top five TSX stocks that have soared beyond expectations since the dawn of 2024, completely eclipsing the performance of their competitors. Please note that this list strictly includes stocks traded on the Toronto Stock Exchange (TSX) and excludes those listed on the TSX Venture Exchange.

1. Medicenna Therapeutics (MDNA.TO)

This Toronto-based immunotherapy innovator has revolutionized cancer treatment approaches, resulting in a staggering increase of nearly 312% in share price this year. The stock jumped from a modest $0.41 in late December 2023 to an impressive $1.73. Medicenna’s current market capitalization sits at an attractive $135.2 million, making it a small-cap powerhouse in the biotech sector.

2. Intermap Technology (IMP.TO)

With its headquarters in Colorado and a vital office in Calgary, Intermap has made significant strides in geospatial data solutions. The company, instrumental for industries ranging from natural resources to defense, witnessed its stock rocket by 311% this year, climbing from $0.60 to $2.59. Its market cap currently rests at $136.9 million, proving it to be a hidden gem in the tech sphere.

3. Perpetua Resources (PPTA.TO)

Focused on sustainable mining practices, Perpetua Resources operates the Stibnite Gold project, which harbors the only U.S. reserve of antimony—an essential mineral in semiconductor manufacturing. Its stock price skyrocketed almost 285% this year, jumping from $4.24 to $16.12, propelling its market capitalization to $1.131 billion. The demand for critical minerals makes Perpetua a key player in the green revolution.

4. Anaergia (ANRG.TO)

This Burlington, Ontario-based waste-management company is leading the charge in sustainability by converting organic waste into vital resources like energy, water, and fertilizer. Anaergia’s shares surged 260% this year, escalating from $0.25 at the beginning of January to $0.90. With a market cap of $152.3 million, it's becoming increasingly clear that eco-friendly investments are paying off in today’s market.

5. Celestica (CLS.TO)

Celestica, a Toronto-based technology company, has been capitalizing on the booming data center industry with its advanced switching technology. The company’s stock has risen an impressive 253% this year, jumping from $38.25 to $137.10. With a staggering market cap of $15.95 billion, Celestica is undoubtedly positioning itself as a heavyweight in the tech arena.

As we approach the end of the trading year, these stocks not only exemplify exceptional growth but also highlight potential investment opportunities within flourishing sectors like biotech, sustainable resources, and technology. With just a couple of trading days remaining, could these stocks continue to climb and solidify their status as 2024's ultimate top performers? Only time will tell! Stay tuned for more updates and insights into the ever-evolving financial landscape!