Triple or better: Here are 17 ASX stocks that rose 200pc or more intraday in 2021
Link copied to
2021 was overall a more stable year than 2020 for ASX investors, but some companies still experienced hefty gains – some across the whole year but others on just a single trading day.
In 2021 there were 17 ASX companies that rose by 200% or more on an intraday basis. In 2020, that number was 40; in 2019, just 10 companies hit the mark.
Compared to last year there were fewer instances of companies rising without any news but far more companies rising as a result of major transactions – including welcoming new substantial shareholders and spin-offs.
Only one ASX company rose by over 1,000% on an intraday basis and it was iron ore play Mindax Limited (ASX:MDX).
Its gain came on its first trading day for nearly two years having raised $2 million in fresh capital and obtained Foreign Investment Review Board (FIRB) approval for Norton Gold Fields’ proposed earn-in for its Mt Forrest Project.
Another company to rocket upon re-entry to the ASX was uranium play Aura Energy (ASX:AEE).
This company, which has a project in Mauritania, timed its run perfectly being boosted by a recently completed DFS as well as a hot run in the uranium spot price.
Two other companies to make the list were spin-offs.
After investing in two ASX tech companies last year, 2021 was quieter for Bevan Slattery but in February he chipped $2 million into Rent.com.au (ASX:RNT) which led to the stock more than doubling on the day he bought in and surpassing 30 cents within a fortnight.
This year there were three ASX companies with intraday gains above 200% as a consequence of mineral discoveries.
Rounding out the list was Metal Hawk (ASX:MHK) which in September netted massive nickel sulphide mineralisation from RC drilling at its Commodore prospect near Kalgoorlie in WA.
Just three companies this year rose more than 200% in a day on no news. Two of those instances came in back to back days from the same company.
The other was microcap Amani Gold (ASX:ANL) which on October 1 rose from 0.1 cents to 0.35 cents.
At Stockhead, we tell it like it is. While Metal Hawk and Lefroy Exploration are Stockhead advertisers, they did not sponsor this article.