In July, ‘second wave’ fears materialised, markets wavered, and unpredictability reigned supreme.

Unlike February and March (COVID-19 fighters), or May and June (gold) our top 50 ASX small caps for July were a mixed bag.

Of course, gold, which is threatening to push higher through the $US2,000/oz mark in the coming quarters, was well represented.

But there was — for the first time, in a long time — battery metals representation, as well as a few COVID-19 adjacent stocks, and a bunch of small caps with better-than-expected quarterly results.

HERE’S THE TOP 50 SMALL CAPS FOR THE MONTH OF JULY >>>

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Code Name Price 31 July % Return Market Cap
UUL ULTIMA UNITED 0.22 1000.00 6.45M
PPL PUREPROFILE 0.03 400.00 3.60M
TKL TRAKA RESOURCES 0.03 366.67 11.21M
3DP POINTERRA 0.19 340.48 122.97M
PUR PURSUIT MINERALS 0.02 320.00 8.67M
VIP VIP GLOVES 0.14 275.00 100.66M
AD1 AD1 HOLDINGS 0.04 260.00 19.73M
MRL MAYUR RESOURCES 0.49 226.67 88.03M
BLG BLUGLASS 0.09 217.86 92.90M
AUZ AUSTRALIAN MINES 0.03 212.50 90.65M
OSP OSPREY MEDICAL 0.04 207.69 59.95M
MAR MALACHITE RESOURCES 0.06 200.00 4.08M
CTO CITIGOLD CORP 0.01 200.00 39.02M
TPD TALON PETROLEUM 0.00 200.00 6.66M
MNS MAGNIS ENERGY TECHNOLOGIES 0.23 187.50 152.95M
NZS NEW ZEALAND COASTAL SEAFOODS 0.03 180.00 20.38M
AX8 ACCELERATE RESOURCES 0.06 173.91 6.25M
NUH NUHEARA 0.04 171.43 51.67M
SE1 SENSERA 0.07 166.67 23.19M
CHZ CHESSER RESOURCES 0.24 158.06 85.61M
AUR AURIS MINERALS 0.12 155.56 47.00M
IGN IGNITE 0.03 153.85 2.96M
AMT ALLEGRA ORTHOPAEDICS 0.22 152.81 23.49M
LCY LEGACY IRON ORE 0.00 150.00 31.24M
ACS ACCENT RESOURCES 0.01 140.00 2.17M
GPX GRAPHEX MINING 0.06 134.99 21.28M
TNT TESSERENT 0.19 134.57 99.80M
ADV ARDIDEN 0.01 133.33 29.01M
RXM REX MINERALS 0.20 130.34 63.48M
ACB A-CAP ENERGY 0.02 128.57 13.95M
ADO ANTEOTECH 0.05 125.00 74.09M
WSP WHISPIR 4.66 124.04 483.87M
SCT SCOUT SECURITY 0.08 121.05 10.01M
CRO CIRRALTO 0.01 120.00 12.95M
BLZ BLAZE INTERNATIONAL 0.04 120.00 11.55M
IVR INVESTIGATOR RESOURCES 0.04 116.67 32.98M
KTE K2 ENERGY 0.03 116.67 7.82M
NAE NEW AGE EXPLORATION 0.01 116.67 11.55M
EXR ELIXIR ENERGY 0.08 116.22 55.15M
MEM MEMPHASYS 0.12 112.96 86.71M
BUD BUDDY TECHNOLOGIES 0.03 107.69 69.91M
SES SECOS GROUP 0.11 103.70 47.00M
AQC AUSTRALIAN PACIFIC COAL 0.19 103.12 9.84M
PSC PROSPECT RESOURCES 0.14 101.49 38.60M
ICG INCA MINERALS 0.00 100.00 8.16M
CLZ CLASSIC MINERALS 0.00 100.00 19.80M
CYQ CYCLIQ GROUP 0.00 100.00 3.75M
ICU ISENTRIC 0.04 100.00 9.18M
MRD MOUNT RIDLEY MINES 0.00 100.00 5.37M
VAL VALOR RESOURCES 0.00 100.00 7.68M
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Quotable Quarterlies

The world is imploding and its earnings season. Major tech companies and gold miners aside, investors probably weren’t expecting much in the way of good news.

But a number of small cap companies surprised to the upside.

Like online marketing firm Pureprofile (ASX:PPL), which surged after announcing a 500 per cent improvement in net cash from operating activities.

Or Cybersecurity firm Tesserent (ASX:TNT), which excited investors with earnings growth and hinted at the possibility of acquisitions.

Recruitment platform AD1 Holdings (ASX:AD1) had a good run, announcing its first-ever cashflow positive quarter with a $217,000 profit.

And Cycliq (ASX:CYQ), which makes bike dash-cams, also jumped on a positive quarterly update.

 

Golden acquisitions and discoveries

Gold is an investment safe haven. It remains in high demand because no one knows what bad thing will happen next.

Second market crash? American civil war? Zombies? It’s a crapshoot and the goldies are thriving.

In July, Traka Resources (ASX:TKL), Pursuit Minerals (ASX:PUR), Blaze International (ASX:BLZ) and New Age Exploration (ASX:NAE) all moved higher on gold project acquisitions.

Chesser Resources (ASX:CHZ) hit the spotlight with some extremely high-grade gold intercepts at the Diamba Sud project in Senegal, including 10m at 25 grams per tonne (g/t).

Also flying the flag for North American gold were minnows Ardiden (ASX:ADV) and Rex Minerals (ASX:RXM).

 

Are battery metals making a comeback?

And there could be light at the end of the tunnel for our beleaguered battery metals (lithium, nickel, cobalt, graphite) explorers and miners.

Europe is throwing mountains of cash at electric vehicle production, as industry leader Tesla — now the most valuable car brand in the world — continues to shatter production, revenue, and share price forecasts.

Tesla bigwig Elon Musk also did the nickel market a solid by calling for miners to produce more of the metal.

This was good timing for struggling nickel-cobalt play Australian Mines (ASX:AUZ), which has been offered potential financial support from the Queensland government to help develop the $1.5bn Sconi cobalt-nickel and scandium project.

Meanwhile, Magnis Energy Technologies (ASX:MNS) says the Extra Fast Charge (EFC) batteries developed by its technology partner C4V are a “potential game changer”.

Also in our top 50 were nickel-cobalt explorer A-Cap Energy (ASX:ACB) and advanced lithium play Prospect Resources (ASX:PSC).

Read MoreBattery MetalsCobaltCOVID-19GoldGold StocksLithiumLithium StocksNickelTech

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