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 PRICE SEPTEMBER RETURN % MARKET CAP
EER East Energy Resources 0.036 1100 $ 115,235,533.26
SAN Sagalio Energy 0.019 850 $ 3,888,542.47
CWL Consolidated Financial Holdings 0.019 280 $ 2,409,728.16
EMN Euro Manganese 0.22 267 $ 24,121,589.80
ICI Icandy Interactive 0.086 258 $ 39,579,388.44
PLL Piedmont Lithium 0.305 255 $ 352,372,662.83
ADN Andromeda Metals 0.16 248 $ 272,385,312.16
MYQ Myfiziq 1.32 230 $ 151,655,358.36
RCP Redbank Copper 0.061 221 $ 24,880,106.11
OAR Oakdale Resources 0.021 200 $ 34,000,309.25
JXT Jaxsta 0.105 200 $ 16,845,119.87
FYI FYI Resources 0.235 190 $ 57,472,223.93
MSI Multistack International 0.016 167 $ 1,796,862.78
TNP Triple Energy 0.029 164 $ 2,087,885.57
CAQ CAQ Holdings 0.042 163 $ 30,147,023.80
QFY Quantify Technology 0.0025 150 $ 5,021,374.36
COY Coppermoly 0.017 143 $ 36,162,637.81
LCL Los Cerros 0.17 139 $ 77,216,342.94
VIC Victory Mines 0.0035 133 $ 15,457,125.22
CFE Cape Lambert Resources 0.007 133 $ 12,716,927.23
RHY Rhythm Biosciences 0.24 129 $ 48,358,994.64
BIR BIR Financial 0.029 123 $ 2,356,260.73
SRN Surefire Resources 0.022 120 $ 13,819,380.08
VR1 Vection Technologies 0.125 116 $ 105,647,109.38
CPV Clearvue Technologies 0.028 115 $ 38,763,565.12
ADY Admiralty Resources 0.015 114 $ 17,387,020.49
UNL United Networks 0.088 110 $ 34,529,385.62
DRE Dreadnought Resources 0.025 108 $ 52,396,186.03
EGR Ecograf 0.185 108 $ 67,337,552.08
BOT Botanix Pharmaceuticals 0.095 102 $ 92,406,314.18
RIM Rimfire Pacific Mining 0.012 100 $ 21,030,858.32
SBR Sabre Resources 0.01 100 $ 12,506,462.58
XPE Xped 0.002 100 $ 3,585,724.05
ICT Icollege 0.01 100 $ 52,656,464.90
APG Austpac Resources 0.002 100 $ 5,668,004.33
RNO Rhinomed 0.165 99 $ 41,878,506.78
PFT Pure Foods Tasmania 1.26 98 $ 55,952,287.02
VUL Vulcan Energy 1.18 97 $ 83,572,234.55
TSO Tesoro Resources 0.305 97 $ 128,350,194.86
NVA Nova Minerals 0.1 96 $ 151,498,866.30
IPB IPB Petroleum 0.027 93 $ 7,630,331.44
BBX BBX Minerals 0.48 92 $ 201,797,612.64
RIE Riedel Resources 0.021 91 $ 8,779,463.68
CLQ Clean Teq Holdings 0.285 90 $ 212,741,158.43
LRS Latin Resources 0.019 90 $ 17,204,621.32
CAD Caeneus Minerals 0.013 86 $ 50,983,997.57
3DP Pointerra 0.495 83 $ 332,012,890.44
CYC Cyclopharm 2.41 83 $ 193,461,436.55
REE Rarex 0.115 80 $ 41,815,754.33
BLU Blue Energy 0.069 77 $ 91,692,893.40

 

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.