eSports stocks led the list of 25 ASX-listed small caps posting gains of 100 per cent or more in October – a big drop from July (58), August (51), and September (35).

Still, a stumble at the death didn’t stop the Aussie market as a whole posting a 1.9 per cent monthly gain.

What else happened in October?

The new ASX website crapped the bed a few times. It was a mammoth month of IPO activity. The eSports boom showed no sign of slowing down.

And a sorely needed exploration wave culminated in at least five legit mineral discoveries in our October Top 50.

That’s unheard of.

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

Scroll or swipe to reveal table. Click headings to sort. 

CODE COMPANY OCTOBER RETURN % 1 YEAR RETURN % SHARE PRICE MARKET CAP
ESR Estrella Resources 1015 1218 0.145 $ 114,223,430.71
DOU Douugh 741 921 0.26 $ 79,260,572.56
REZ Resources & Energy Group 313 125 0.099 $ 38,380,396.23
AYM Australia United Mining 267 1000 0.011 $ 20,268,352.34
XPL Xplore Wealth 194 185 0.185 $ 55,044,204.40
E2M E2 Metals 186 268 0.7 $ 91,840,130.20
ARR American Rare Earths 180 348 0.098 $ 28,510,120.02
WCN White Cliff Minerals 175 560 0.033 $ 17,047,796.11
EM1 Emerge Gaming 163 650 0.105 $ 82,471,497.89
FFG Fatfish Group 159 389 0.044 $ 40,350,150.46
PNC Pioneer Credit 153 -73 0.67 $ 42,544,250.27
GIB Gibb River Diamonds 150 331 0.125 $ 25,751,180.63
YRL Yandal Resources 146 126 0.59 $ 46,053,437.66
RDN Raiden Resources 143 325 0.034 $ 19,054,064.20
KSS Kleos 139 127 0.68 $ 79,850,700.68
IDZ Indoor Skydive Australia 133 40 0.014 $ 4,713,801.39
RAN Range International 120 22 0.022 $ 7,950,171.77
DAU Dampier Gold 114 275 0.06 $ 17,097,632.40
SPQ Superior Resources 110 180 0.021 $ 24,318,628.03
BIR BIR Financial 107 -40 0.06 $ 4,875,022.20
WBT Weebit Nano 105 280 1.5 $ 157,665,778.50
AJQ Armour Energy 105 -25 0.041 $ 47,621,278.11
CCE Carnegie Clean Energy 100 25 0.002 $ 22,282,904.90
DSE Dropsuite 100 195 0.13 $ 73,061,060.41
NTI Neurotech International 100 73 0.026 $ 10,102,683.66
IOU Ioupay 97 2338 0.195 $ 71,870,455.80
AOU Auroch Minerals 96 85 0.135 $ 31,218,513.08
CWL Consolidated Financial 95 1049 0.037 $ 4,692,628.53
AZS Azure Minerals 95 157 0.36 $ 87,189,342.12
VRS Veris 93 -18 0.056 $ 22,694,072.02
BAT Battery Minerals 93 238 0.027 $ 47,451,295.77
FUN Funtastic 92 303 0.125 $ 30,050,509.38
SCT Scout Security 90 127 0.15 $ 14,350,160.40
WWI West Wits Mining 89 1300 0.07 $ 83,722,926.98
SOR Strategic Elements 88 54 0.12 $ 34,365,586.92
IXU Ixup 84 53 0.068 $ 40,506,261.49
NSX NSX 79 -3 0.145 $ 37,309,359.56
AMO Ambertech 75 59 0.175 $ 13,379,624.13
RMX Red Mountain Mining 75 100 0.014 $ 15,782,514.85
SRN Surefire Resources 73 375 0.038 $ 23,869,838.32
TMZ Thomson Resources 72 208 0.081 $ 14,477,685.26
PWN Parkway Minerals 71 100 0.012 $ 22,809,047.80
TIG Tigers Realm Coal 71 -27 0.012 $ 91,375,163.38
KIS King Island 71 34 0.099 $ 26,206,230.90
GLH Global Health 70 152 0.39 $ 16,418,344.80
ESH Esports Mogul 69 83 0.022 $ 55,963,959.22
8VI 8Vi Holdings 69 633 1.1 $ 48,815,189.50
ICI Icandy Interactive 69 303 0.145 $ 67,095,189.82
CNJ Conico 67 233 0.03 $ 17,642,871.06
TNT Tesserent 66 645 0.365 $ 292,912,978.88

 

eSports ahead of the game

eSports was already booming before it picked up a tailwind from the global COVID-19 lockdowns.

In July, research predicted that gamers around the world would spend $US159.3bn (~$220bn) in 2020 across mobile, PC, and console gaming devices.

Frequent eSports viewers had increased from 173 million in 2018 to an estimated 223 million in 2020.

Aussie gaming stocks are enjoying big gains.

Leading the pack in October was Emerge Gaming (ASX:EM1) which caught a rocket after ostensibly hitting 6 million pre-registrations for its MIGGSTER eSports platform – half of which has come since October 19.

The stock is currently suspended until it answers some questions about this milestone put to it by the ASX.

tie-up with the NASDAQ-listed Super League Gaming (SLGG) has moved the needle for gaming tournament platform Esports Mogul (ASX:ESH), which gained 69 per cent for the month.

And iCandy Interactive (ASX:ICI) – which also had a very good September – jumped after the newly launched ‘Masketeers’ game made $92,000 in its first five days.

 

The discovery hot streak continues

Unearthing a company-making discovery usually takes years of dogged, often unsexy exploration work.

The problem? Exploration costs money, and for the longest time investment in the sector has been abysmal.

That changed in 2020. Explorers are responsible for a huge chunk of the capital raised this year, as investors ride the wave of strong metals prices and positive sentiment.

This extra cash allows companies to throw the proverbial kitchen sink at their best targets.

Results over the past month speak for themselves.

A spectacular intersection at Estrella Resources’ (ASX:ESR) flagship Carr Boyd project could see it “joining an elite list of recent Western Australian nickel discoveries” like Julimar, Golden Swan and Mawson.

Gibb River Diamonds (ASX:GIB) made a major new high-grade gold discovery at the Edjudina project in WA.

Azure Minerals (ASX:AZS) potentially hit the big one in its very first drillhole at the Andover nickel-copper project, also in WA.

A spectacular hit of 24m at ~6g/t gold – including 4m at ~35g/t – in early stage drilling at the Zuleika project sent Dampier Gold (ASX:DAU) soaring to eight-year highs.

And E2 Metals (ASX:E2M) has a made a “genuine new greenfields discovery” at the Conserrat project in Argentina, intersecting an incredible 18m at 47g/t gold and 208g/t silver.

These five stocks are up 1015%, 150%, 95%, 114% and 186% respectively over the past month.