August was another month of lockdown for much of Australia’s East Coast but lockdowns and even a 2% drop in the middle of the month couldn’t stop the ASX from producing another winners list.

The ASX 200 ultimately finished August 1.9% higher and the top 50 winners all gained 45% or more. The month of August was reporting season with most ASX companies (except those that use different financial year to July 1-June 30) releasing results.

We began August with just over 12 million vaccine doses and we’ve just surpassed 20 million, giving hope we’ll soon be out of the cage.

But experiences in countries that have returned to “life as usual” show it will be a double edged sword. The “milk crate challenge” craze hasn’t yet hit Australia and hopefully it doesn’t…

August was tougher to cope in lockdown with the Olympics over, the AFL regular season coming to an end in the middle of the month and OnlyFans being downgraded.

But the Paralympics has given us some lockdown joy – as of September 2 we’ve taken home 60 medals – 13 gold, 23 silver and 24 bronze.

 

Here are the top 50 ASX small cap winners for the month of August 2021>>>

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Code Company Closing Price (Aug-31) August % Return Sector MktCap$
RHI Red Hill Iron 4.05 268 Resources $ 239,312,814.51
IKW Ikwezi Mining Ltd 0.69 229 Resources $ 19,511,987.52
CHR Charger Metals 0.63 174 Resources $ 17,120,000.54
PAM Pan Asia Metals 0.33 136 Resources $ 8,048,796.60
ID8 Identitii Limited 0.16 129 Tech $ 22,051,133.83
KNM Kneomedia Limited 0.015 114 Tech $ 15,353,519.93
ARR American Rare Earths 0.175 106 Resources $ 63,697,040.31
ORM Orion Metals Ltd 0.034 100 Resources $ 18,533,313.06
RNU Renascor Res Ltd 0.145 96 Resources $ 244,232,514.76
CAG Caperangeltd 0.3 94 Tech $ 23,727,075.25
GLA Gladiator Resources 0.029 93 Resources $ 11,941,962.41
SYA Sayona Mining Ltd 0.15 83 Resources $ 978,106,466.40
BCB Bowen Coal Limited 0.15 81 Resources $ 163,644,294.87
LNU Linius Tech Limited 0.037 76 Tech $ 60,982,706.45
RNO Rhinomed Ltd 0.37 76 Health $ 93,909,378.84
NVX Novonix Limited 4.52 75 Tech $ 1,942,086,643.20
AOA Ausmon Resorces 0.007 75 Resources $ 4,974,615.40
AXP AXP Energy Ltd 0.007 75 Energy $ 32,749,587.64
IDT IDT Australia Ltd 0.695 70 Health $ 161,905,614.75
EPM Eclipse Metals 0.037 68 Energy $ 78,472,231.47
CKA Cokal Ltd 0.165 65 Resources $ 140,562,346.95
IHL Incannex Healthcare 0.42 65 Health $ 448,445,337.63
EQR Eq Resources Limited 0.051 65 Resources $ 66,981,086.18
NXM Nexus Minerals Ltd 0.145 63 Resources $ 36,622,750.65
1VG Victory Goldfields 0.32 60 Resources $ 10,665,094.84
CNJ Conico Ltd 0.09 58 Resources $ 88,887,602.98
WTC WiseTech Global Ltd 48.34 57 Tech $ 14,856,120,645.84
WFL Wellfully Limited 0.105 57 Health $ 23,080,251.26
SMN Structural Monitor. 0.875 56 Tech $ 100,488,122.63
ARC Aust Rural Cap Ltd 0.53 56 Finance $ 8,932,905.60
DGL DGL Group Limited 2.35 56 Industrial $ 552,550,000.00
JRL Jindalee Resources 3.8 55 Resources $ 199,196,793.18
SPN Sparc Tech Ltd 0.585 54 Industrial $ 34,577,306.36
HWK Hawkstone Mng Ltd 0.043 54 Resources $ 70,366,704.98
FYI FYI Resources Ltd 0.86 54 Resources $ 299,424,126.54
HHR Hartshead Resources 0.023 53 Energy $ 44,394,531.02
ALG Ardentleisuregrpltd 1.495 53 Consumer $ 719,559,024.00
MRZ Mont Royal Resources 0.33 50 Resources $ 12,499,315.95
BMM Balkanminingandmin 0.63 50 Resources $ 20,800,000.00
FTZ Fertoz Ltd 0.33 50 Resources $ 66,848,552.51
PBX Pacific Bauxite Ltd 0.003 50 Resources $ 1,189,842.10
OAK Oakridge 0.0015 50 Tech $ 5,158,939.38
ADV Ardiden Ltd 0.012 50 Resources $ 27,941,604.81
PPK PPK Group Limited 19.71 50 Industrial $ 1,675,064,226.33
EUR European Lithium Ltd 0.087 47 Resources $ 86,829,255.13
AGY Argosy Minerals Ltd 0.175 46 Resources $ 200,043,472.64
DXB Dimerix Ltd 0.35 46 Health $ 82,004,710.26
AAJ Aruma Resources Ltd 0.08 45 Resources $ 7,629,186.74
VUL Vulcan Energy 14.25 45 Resources $ 1,495,881,255.00
MAF MA Financial Group 8.1 45 Finance $ 1,186,557,751.96

 

The Top 3 ASX winners in August

Taking the gold medal on the ASX was Red Hill Iron (ASX:RHI), all thanks to a major deal unveiled on the first trading day of the month.

The company announced the sale of its 40% interest in the 820 million tonne Red Hill Iron Ore Joint Venture (RHIOJV) to Mineral Resources (ASX:MIN) for $400 million in cash.

Second was Ikwezi Mining (ASX:IKW), a company which produces and exports thermal coal from its Ikwezi mine in South Africa.

This company had dropped at the end of last month after its quarterly – with its cash balance arguably being a catalyst – but shares have turned around this month as investors paid closer attention to the company’s sentiments on thermal coal prices.

Third is lithium play Charger Metals (ASX:CHR).

Charger only joined the ASX in July but began to take off at the start of August when New York investment group Lind Partners became a substantial holder.

 

Reporting season winners

As you might’ve guessed by the top winners in August all being in junior exploration, reporting season failed to get ASX investors excited – for the most part.

The best non-resources stock was regtech company Identitii (ASX:ID8) which surged after own financial results.

For FY21, the company booked total revenue of $2.7m (including $1.3m of grant revenue) and an annual loss of $5.3m.

Identitii also announced that it was pursuing additional patent claims for its technology in the US market.

Another major mover in reporting season was freight software firm WiseTech Global (ASX:WTC). It had been a tough couple of years for the company with a short-seller attack in 2019 and initial disruption due to COVID-19.

But its CargoWise logistics platform had been doing wonders for it, causing a 149% lift in free cash flow to $139.2m on revenues of $507.5m

 

Other notable winners

There was no shortage of lithium stocks in the ASX August winners list with Pan Asia Metals (ASX:PAM), Sayona Mining (ASX:SYA) and Jindalee (ASX:JRL) notching up gains.

Another notable mover was IDT Australia (ASX:IDT)

For months the company and its shareholders have been hoping it might be called up to help out in Australia’s COVID vaccine roll-out.

But in August it signed Sterile Readiness Agreement with the government to bring its sterile manufacturing facility into a state of readiness to potentially produce the vaccine.

Still on the topic of the COVID-19 battle, another beneficiary was Rhinomed (ASX:RNO) after netting a contract with NSW Health Pathology for one million SARS-CoV-2 Rhinoswabs as part of the department’s program to support testing capability.

The Rhinoswab technology aims to improve the sample collection process, and with extensive testing, was proven to be substantially more comfortable and easier to use than the standard nasal swab, while capturing a larger sample.