In September, 35 ASX-listed small cap stocks posted gains of 100 per cent or more – a substantial drop on July (58) and August (51).

September was about the time that five months of rampant global market enthusiasm began to wane.

The major Wall Street indexes recorded their first monthly declines since March, as did our own benchmark ASX200.

The amount of cash raised on the ASX in September — $2.28bn  — was also less than half of August’s total.

But here’s some good news:

We need to make a beer at the pub more affordable. It is as simple as that.”

Oh, and battery metals sentiment has come roaring back. Gold exploration is booming. Tech deals are happening. Health stocks are making important breakthroughs that most of us don’t understand.

And random small caps are still spiking for no reason.

September’s top ASX small caps by market sector.

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

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

 

Are battery metals making a comeback?

There’s light at the end of the tunnel for long-suffering battery metals stocks, and their investors.

A steady stream of good news post COVID-19 was kicked up another level by Tesla’s Battery Day spectacular. To meet stated production goals the EV pioneer will need a lot more nickel, lithium, copper, manganese, cobalt … and everything else.

Piedmont Lithium (ASX:PLL) flew 255 per cent after announcing a deal to supply Tesla with a big chunk of its planned spodumene production for an initial five years.

The US company anticipates that more supply deals with European and US EV companies are in the pipeline.

Euro Manganese (ASX:EMN) is now at 16-month highs after noting that Elon Musk’s new battery design is expected to result in a material increase in demand for high-purity manganese.

WA battery anode hopeful EcoGraf (ASX:EGR) also bathed in the bullish sentiment, while lithium explorer Vulcan Energy (ASX:VUL). moved higher after former Tesla director Jochen Rudat joined the team.

 

Tech dealmakers

September was a good month for mobile gaming platform iCandy Interactive (ASX:ICI).

It raised $1.25m in a “strongly supported” placement which received more than $5m in bids.

Shares then jumped on strong trial results for its new Masketeers game, and again after progressing a deal to launch a game in China in partnership with Alibaba unit 9Games.

Music database company Jaxsta ripped higher after announcing a new credit licensing deal.

Jaxsta’s service, which aims to provide a central database for musicians and engineers to receive song credits, will partner with US song licensing company Songtradr to create a beefed up version of its platform.

Quantify Technology (ASX:QFY) is buying fellow smart home company GSM Innovations to create “Australia’s leading electrical Internet of Things provider”.

And the ASX’s only virtual reality stock Vection (ASX:VR1) signed up a public hospital to trial its ‘Augmented Reality’ (AR) tech.

 

A picture of health

Rhythm Biosciences (ASX:RHY) says it has hit a critical milestone in developing a cheap and effective blood test for colorectal cancer that it hopes will replace the current faecal tests.

Rhinomed (ASX:RNO) is developing a new “less invasive” nasal swab to test for influenza and coronavirus.

Botanix Pharmaceuticals (ASX:BOT), shares climbed on a renewed government focus on antimicrobial resistance — which is something the clinical cannabis company is working on.

It was also a strong month for Cyclopharm (ASX:CYC) after a phase-three trial of its radioactive lung imaging agent met its primary endpoint.

That puts it on schedule for commercial sales in the US next year.