Google April 2021 and the first things you’ll find isn’t ASX winners but questions about COVID-19.
Just another month in the pandemic, right?
Well, yes and no.
On one hand the vaccine race continues across the world – far slower than we’d like in Australia – and interest rates, cut as the virus first broke out around the world, are not set to go anywhere even with the housing boom.
But then again, you can’t make everyone happy.
But COVID-19 and overly dovish central bank governors can’t stop other alternative investment options to cash running hot from vintage cars to cryptos ranging from Ethereum to Asscoin or even the US Global Jets ETF which is up over 25 per cent this year.
A brief plan for a breakaway European soccer league only lasted hours before falling apart – although of course deniers will continue to deny.
But the real action, as always, was in ASX small caps…
Here are the top 50 ASX small caps for the month of April 2021>>>
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop
| Code | Company | Price | ReturnMRoll% | Sector | MktCap$ |
|---|---|---|---|---|---|
| RTR | Rumble Res Limited | 0.615 | 486 | Resources | $ 313,994,477.11 |
| OXX | Octanex Ltd | 0.059 | 247 | Energy | $ 14,812,254.24 |
| MSI | Multistack Internat. | 0.081 | 179 | Industrial | $ 9,658,137.46 |
| EM2 | Eagle Mountain | 1.26 | 168 | Resources | $ 242,322,053.16 |
| MHI | Merchant House | 0.125 | 166 | Consumer | $ 11,783,312.00 |
| RXH | Rewardle Holding Ltd | 0.025 | 150 | Tech | $ 16,842,287.62 |
| ZNC | Zenith Minerals Ltd | 0.3 | 150 | Resources | $ 91,251,609.30 |
| ROG | Red Sky Energy. | 0.01 | 150 | Energy | $ 46,314,221.97 |
| LIO | Lion Energy Limited | 0.069 | 138 | Energy | $ 14,932,928.88 |
| MAI | Mainstream Group | 2.65 | 125 | Financial | $ 310,701,240.00 |
| FIN | FIN Resources Ltd | 0.043 | 115 | Resources | $ 13,126,114.71 |
| MRD | Mount Ridley Mines | 0.008 | 100 | Resources | $ 29,875,205.29 |
| OEX | Oilex Ltd | 0.005 | 100 | Energy | $ 23,700,709.84 |
| POD | Podium Minerals | 0.45 | 96 | Resources | $ 126,163,656.90 |
| RHI | Red Hill Iron | 0.68 | 94 | Resources | $ 40,717,141.32 |
| CPV | Clearvue Technologie | 0.82 | 93 | Tech | $ 130,309,494.53 |
| OIL | Optiscan Imaging | 0.45 | 91 | Health | $ 276,943,635.00 |
| ATL | Apollo Tourism | 0.525 | 84 | Consumer | $ 93,075,454.00 |
| VMS | Venture Minerals | 0.105 | 84 | Resources | $ 132,068,196.96 |
| JRL | Jindalee Resources | 3 | 83 | Resources | $ 154,096,041.06 |
| BCK | Brockman Mining Ltd | 0.062 | 82 | Resources | $ 603,150,088.52 |
| WKT | Walkabout Resources | 0.32 | 78 | Resources | $ 118,705,439.30 |
| TPC | TPC Consolidated Ltd | 3.99 | 77 | Utilities | $ 42,658,548.75 |
| FFX | Firefinch Ltd | 0.38 | 77 | Resources | $ 281,847,236.04 |
| VXR | Venturex Resources | 0.72 | 76 | Resources | $ 277,220,110.20 |
| ELT | Elementos Limited | 0.019 | 73 | Resources | $ 69,301,140.82 |
| ACW | Actinogen Medical | 0.066 | 69 | Health | $ 96,312,395.73 |
| CUL | Cullen Resources | 0.037 | 68 | Resources | $ 11,217,529.71 |
| ADO | Anteotech Ltd | 0.435 | 67 | Health | $ 749,615,519.60 |
| FPL | Fremont Petroleum | 0.005 | 67 | Energy | $ 28,071,075.12 |
| QPM | Queensland Pacific | 0.14 | 67 | Resources | $ 159,697,922.63 |
| IMU | Imugene Limited | 0.19 | 65 | Health | $ 931,407,201.08 |
| SCI | Silver City Minerals | 0.033 | 65 | Resources | $ 18,821,655.50 |
| MAG | Magmatic Resrce Ltd | 0.18 | 64 | Resources | $ 34,773,741.92 |
| HMD | Heramed Limited | 0.16 | 63 | Health | $ 27,272,728.80 |
| FSG | Field Solu Hldgs Ltd | 0.145 | 63 | Tech | $ 86,998,290.08 |
| CAE | Cannindah Resources | 0.065 | 63 | Resources | $ 35,283,974.71 |
| LCK | Leigh Crk Energy Ltd | 0.265 | 61 | Energy | $ 165,537,378.16 |
| ARN | Aldoro Resources | 0.385 | 60 | Resources | $ 26,891,917.19 |
| MPH | Mediland Pharm | 0.072 | 60 | Consumer | $ 21,893,452.70 |
| MGU | Magnum Mining & Exp | 0.165 | 57 | Resources | $ 72,296,831.94 |
| NWC | New World Resources | 0.11 | 57 | Resources | $ 149,836,279.12 |
| GXY | Galaxy Resources | 3.93 | 56 | Resources | $ 2,011,033,838.32 |
| ARV | Artemis Resources | 0.115 | 55 | Resources | $ 119,360,253.29 |
| AHQ | Allegiance Coal Ltd | 0.125 | 54 | Resources | $ 134,450,341.41 |
| IHL | Incannex Healthcare | 0.315 | 54 | Health | $ 306,961,972.69 |
| SRK | Strike Resources | 0.305 | 53 | Resources | $ 69,197,595.04 |
| RPM | RPM Automotive Group | 0.44 | 52 | Consumer | $ 53,204,030.46 |
| HXG | Hexagon Energy | 0.15 | 52 | Resources | $ 58,447,528.65 |
| BXN | Bioxyne Ltd | 0.021 | 50 | Industrial | $ 14,083,198.76 |
Resources rides high once more
27 out of the top 50 ASX winners in April were resources stocks and one stood head and shoulders above the rest.
Rumble Resources (ASX:RTR) gained nearly 500 per cent in April following successful exploration results at the Earaheedy zinc-lead-silver project.
Its partner Zenith Minerals (ASX:ZNC), which has a 25 per cent stake in Earaheedy, also made a healthy gain of 150 per cent.
The pair unveiled spectacular drilling results on April 19 with 26 drill holes out of 26 hitting visual zinc-lead mineralisation and assays returning 34m at 4.22% zinc and lead from 66m, including a higher grade 14m ‘core’ grading 7.05% zinc and lead.
April was closed out with Rumble raising $40 million to advance exploration at Earaheedy including a significantly scaled up diamond core and RC drilling program.
Sitting on a gain of 247 per cent in April is WA gold explorer Octanex (ASX:OXX).
This company initially rose in the month off the back of no news but after a brief retreat surged again reporting positive geochemical lag sampling results.
It recorded values up to 3.2 ppb (parts per billion) gold and a total of 6 gold anomalies greater than 1.5ppb.
Arizona focused copper stock Eagle Mountain (ASX:EM2) also gained from exploration results including one sample which returned 10.6% copper and 29.5 g/t silver.
ASX April winners in other sectors
Energy had a handful of winners but few were oil and gas focused, or at least exclusively. Red Sky Energy (ASX:ROG) gained another 150 per cent despite having little news during the month.
Lion Energy (ASX:LIO) gained 138 per cent and while it too is an oil stock it all came off the back of entering the hydrogen space.
The company has oil interests on Seram Island in Indonesia and raised $2.8 million to explore hydrogen studies.
Fremont Petroleum (ASX:FPL) gained another 60 per cent. Ironically its peak rise was at the start of the month with a board appointment and there was little reaction to an announcement last week that it was averaging 2,300 barrels of oil equivalent across its projects.
One of the more perculiar ASX winners in April was Hong Kong domiciled microcap Merchant House (ASX:MHI) which has textile and footwear factories in the USA and China.
After several months with no news, it announced it was parting ways with its Chinese textile assets for US$20 million ($25.8 million).
While it has been suspended since the day of the relevant announcement as the ASX inquired into the company, it is set to be reinstated this morning.
In health, the top ASX winners in April were Medical imaging stock Optiscan (ASX:OIL) and pregnancy focused healthcare company HeraMED (ASX:HMD).
While the former of these had little news other than a new board appointment, the latter signed a paid pilot trial of its HeraCARE solution at WA’s Joondalup Health Campus.
In tech, the top winner was Clearvue (ASX:CPV) which is a smart building materials manufacturer.
At Stockhead, we tell it like it is. While Zenith, HeraMED and Eagle Mountain are Stockhead advertisers, they did not sponsor this article.