Here are the top 50 small cap stocks for May — a month defined by high flyin’ uranium explorers, lots of gold … and only one hand sanitiser company.

The stock market is not a proxy for the real economy,” analysts say. It’s an axiom that bears repeating.

Even the US’ proverbial bin fire of an economy did not impede Wall Street’s strong back-to-back monthly gains.

Global markets more generally continued to shrug off the big macroeconomic issues and a smattering of China-US pomposity.

The ASX200 Index posted an 8.5 per cent gain over the month.

Unlike April, there were no +1000 per cent gainers in May. Still, there were plenty of good stories for investors to sink their teeth into, with 58 small cap companies post gains of 100 per cent or more.

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

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CODE NAME TOTAL MONTHLY RETURN % MARKET CAP
ESK ETHERSTACK 1150 198.61M
NME NEX METALS EXPLORATION 525 24.09M
MCT METALICITY 362 51.68M
IMC IMMURON 225 46.35M
RXL ROX RESOURCES 223 167.08M
AUT AUTECO MINERALS 220 213.72M
DW8 DIGITAL WINE VENTURES 208 25.20M
MGV MUSGRAVE MINERALS 200 216.11M
TAR TARUGA MINERALS 200 15.23M
AUC AUSGOLD 200 46.46M
BPH BPH ENERGY 187 8.58M
ICU ISENTRIC 186 4.07M
GSM GOLDEN STATE MINING 178 26.63M
SUH SOUTHERN HEMISPHERE MINING 173 3.26M
KAI KAIROS MINERALS 171 58.59M
CAD CAENEUS MINERALS 167 13.99M
GTE GREAT WESTERN EXPLORATION 165 10.12M
ELT ELEMENTOS 150 12.74M
SLX SILEX SYSTEMS 142 133.89M
AL8 ALDERAN RESOURCES 142 37.62M
AUR AURIS MINERALS 140 19.62M
SPT SPLITIT PAYMENTS 138 415.78M
RGL RIVERSGOLD 136 24.40M
SUP SUPERIOR LAKE RESOURCES 125 16.44M
SVD SCANDIVANADIUM 125 11.75M
XTD XTD 124 7.73M
FFR FIREFLY RESOURCES 122 6.40M
RAC RACE ONCOLOGY 119 81.52M
NVX NOVONIX 112 302.94M
SCN SCORPION MINERALS 105 9.20M
VPR VOLT POWER GROUP 100 18.34M
MNW MINT PAYMENTS 100 14.57M
MLS METALS AUSTRALIA 100 6.41M
AR9 ARCHTIS 98 18.55M
AYR ALLOY RESOURCES 92 8.38M
WWI WEST WITS MINING 91 21.49M
KP2 KORE POTASH 91 18.04M
CAE CANNINDAH RESOURCES 87 2.90M
HWK HAWKSTONE MINING 86 13.83M
TYM TYMLEZ GROUP 85 16.83M
IP1 INTEGRATED PAYMENT TECHNOLOGIES 85 6.25M
AYS AMAYSIM AUSTRALIA 84 174.12M
HRN HORIZON GOLD LIMITED 84 35.20M
DTM DART MINING 83 7.06M
TLM TALISMAN MINING 83 30.79M
ARV ARTEMIS RESOURCES 81 59.96M
LSR LODESTAR MINERALS 80 7.68M
MRQ MRG METALS 80 11.11M
DLC DELECTA 80 6.26M
REE RAREX 77 32.63M

 

Uranium radiates positive energy

An existing structural supply deficit in the global uranium market, aggravated by ongoing COVID-19 supply disruptions, has sent the uranium ‘spot’ price up +33 per cent year-to-date.

Adding to an already bullish outlook for uranium, the Trump Administration has shown a strong desire to revive the domestic uranium industry.

Investors have been pouring into early stage US uranium explorers like GTI Resources (ASX:GTR) and TNT Mines (ASX:TIN). which were up 231 per cent and 259 per cent, respectively, over the month.

READ: Is this uranium’s renaissance or another false dawn?

 

Gold, gold… and more gold

WA gold explorers dominated the Top 50.

Minnow Metalicity (ASX:MCT) jumped 200 per cent as it kicked off new drilling at the historic, high-grade Kookynie gold project in the Eastern Goldfields.

Struggling vanadium play Sabre Resources (ASX:SBR) acquired a gold project in WA and immediately jumped 200 per cent.

Sabre’s Beacon gold project is just south of Spectrum Metals’ (ASX:SPX) high-grade Penny West project, which has now been acquired by miner Ramelius Resources (ASX:RMS).

And there’s also plenty of tier 1 project opportunities for ASX-listed companies in the US and Canada, gold-rich countries which have suffered from a lack of exploration in recent years.

In May, investors rewarded US-facing gold stocks like Alderan Resources (ASX:AL8) +253 per cent, Riversgold (ASX:RGL) +237 per cent, and White Rock Minerals (ASX:WRM) +100 per cent.