Here are the 9 ASX stocks that have more than tripled in a day in 2021
Link copied to
As the halfway mark looms on 2021, Stockhead recaps the ASX stocks have more than tripled in just a single day this year.
9 stocks have taken the climb, half of which occurred in February.
One stock achieved the feat twice and in consecutive days – Canberra casino operator Aquis Entertainment (ASX:AQS).
The mysterious climb occurred despite the company not releasing any news either morning.
As of June 30, the stock was at 23 cents which is a retreat from its all time highs but is a gain over over 500 per cent since February.
Standing head and shoulders above the rest is iron ore play Mindax Limited (ASX:MDX).
We’ve included MDX on a small technicality, because the stock was suspended for nearly two years before May 14 when it re-entered the bourse.
But it raised $2 million to recommence trading, and as if that wasn’t enough it got the blessing Foreign Investment Review Board (FIRB) approval for Norton Gold Fields’ proposed earn-in for its Mt Forrest Project.
Norton Gold Fields is a subsidiary of China-based Zijin Mining Group and the Mt Forrest Project has a proven JORC resource of over 1.7 billion tonnes.
Sitting in second with a 458 per cent gain on February 17 is Province Resources (ASX:PRL) which was one of the first companies to enter the hydrogen space this year.
The first stock to have tripled in a day is Rent.com.au (ASX:RNT) which back on February 2 announced tech entrepreneur Bevan Slattery backed the company with a $2 million investment.
The rest of the list is made up of resources and energy stocks.
Lefroy (ASX:LEX) made 2021’s first major discovery at its gold-copper Burns prospect in WA and it rose 237 per cent after announcing it to the market on February 23.
Only one day later copper-zinc explorer Venturex Resources’ (ASX:VXR) was boosted by a $58 million funding package for its Sulphur Springs project headed by Bill Beament, boss of $12.2 billion gold miner Northern Star (ASX:NST).
While March had no stocks triple in a day, April saw oil microcap Oilex (ASX:OEX) gain 300 per cent in the early days of the month.
OEX announced the acquisition of GSPC’s 55 per cent interest in its Indian project US$2.2 million was approved. This meant Oilex now held the participating interest exclusively to itself.
June saw two resources stocks gain more than triple in a day.
The first was Globe Metals and Mining (ASX:GBE) which rose after the Malawi government gave recommendation approval for GBE to receive a mining licence.