Winners Column: Here are the top 50 ASX small cap stocks for December
Link copied to
In December, the All Ords index – made up of the 500 largest companies on the ASX — rose 1.6 per cent.
It finished the craziest year on record* up 0.7 per cent. Remarkable.
In December, there were an incredible 29 IPOs.
Just 22 companies listed in the first nine months of the year total. All but 9 of those 29 companies have made gains on their listing price, led by Desert Metals (ASXD:DM1) – up +250 per cent.
In December, iron ore continued to blow price and demand forecasts out of the water.
And in December, forgotten sectors stirred.
Weed, crypto and battery metals – which had breakout years in 2017 but have faded badly since – are back in the hearts and minds of investors heading into 2021.
It was also a pivotal month for the re-emerging uranium sector, which hasn’t been this mainstream cool since ~2007.
HERE’S THE TOP 50 SMALL CAPS FOR THE MONTH OF DECEMBER >>>
Scroll or swipe to reveal table. Click headings to sort.
|CODE||COMPANY||DECEMBER RETURN %||PRICE||MARKET CAP||SECTOR|
|LCY||Legacy Iron Ore||650||0.045||$ 281,125,733.27||Resources|
|CPH||Creso Pharma||300||0.18||$ 126,903,315.06||Health|
|SHN||Sunshine Gold||265||0.062||$ 22,116,120.32||Resources|
|AGE||Alligator Energy||144||0.011||$ 25,893,922.56||Energy|
|PNN||PepinNini Minerals||136||0.39||$ 14,416,856.22||Resources|
|CVV||Caravel Minerals||133||0.2||$ 57,475,982.60||Resources|
|GWR||GWR Group||126||0.44||$ 132,753,487.68||Resources|
|BMN||Bannerman Resources||124||0.094||$ 101,036,093.83||Energy|
|AVE||Avecho Biotech||123||0.029||$ 46,367,945.72||Health|
|VMY||Vimy Resources||116||0.082||$ 63,850,699.66||Energy|
|ERA||Energy Resources||113||0.33||$ 1,218,156,455.34||Energy|
|SI6||SI6 Metals||107||0.028||$ 36,614,055.32||Resources|
|BCK||Brockman Mining||103||0.059||$ 547,474,695.73||Resources|
|ACS||Accent Resources||100||0.02||$ 9,320,545.66||Resources|
|AMT||Allegra Orthopaedics||100||0.35||$ 36,560,721.05||Health|
|LER||Leaf Resources||97||0.044||$ 37,318,903.51||Resources|
|CXO||Core Lithium||93||0.145||$ 144,685,396.55||Resources|
|AJJ||Asian Amer Medical||86||0.064||$ 22,603,929.01||Health|
|COB||Cobalt Blue||84||0.18||$ 43,779,932.46||Resources|
|MEY||Marenica Energy||82||0.155||$ 31,092,099.61||Energy|
|AVZ||AVZ Minerals||81||0.17||$ 487,474,746.36||Resources|
|KTE||K2 Energy||80||0.036||$ 10,823,657.44||Tech|
|ABR||American Pacific Borates||78||1.51||$ 482,697,953.69||Resources|
|OMH||OM Holdings||77||0.585||$ 432,094,652.15||Resources|
|NMR||Native Mineral Resources||77||0.425||$ 12,245,737.50||Resources|
|NES||Nelson Resources||72||0.1||$ 11,480,214.20||Resources|
|ASM||Australian Strategic Materials||68||6.41||$ 763,109,076.98||Resources|
|LITCF||Lithium Australia||67||0.01||$ 1,288,610.41||Resources|
|SHH||Shree Minerals||67||0.02||$ 16,184,737.84||Resources|
|LIO||Lion Energy||67||0.025||$ 5,185,044.75||Energy|
|PDN||Paladin Energy||67||0.25||$ 510,799,409.00||Energy|
|DNA||Donaco International||66||0.068||$ 84,006,477.98||Consumer|
|HPP||Health Plant Protein||64||0.27||$ 33,161,599.26||Consumer|
|BDG||Black Dragon Gold||63||0.13||$ 17,465,969.56||Resources|
|BLU||Blue Energy||61||0.087||$ 115,612,778.63||Energy|
|TLT||Tilt Renewables||60||6||$ 2,261,003,304.00||Utilities|
|SNS||Sensen Networks||59||0.175||$ 80,667,690.60||Tech|
|MLX||Metals X||59||0.14||$ 127,017,249.38||Resources|
|MSM||MSM Corporation||59||0.065||$ 54,756,863.59||Tech|
|PM8||Pensana Rare Earths||58||1.94||$ 248,170,263.04||Resources|
|AKM||Aspire Mining||58||0.115||$ 58,378,253.28||Resources|
|OEQ||Orion Equities||56||0.125||$ 2,226,798.63||Financial|
|RHY||Rhythm Biosciences||56||0.875||$ 176,308,834.63||Health|
|VRX||VRX Silica||55||0.365||$ 183,253,772.09||Resources|
But the majority of battery metals stocks on the ASX fell away in 2019-2020 as investor sentiment soured.
It’s the ones that remain which are now in a very good position heading into 2021. A number of these stocks had a great December.
The stock is now at its highest point since 2012.
When AVZ spiked in 2017/2018 it was pure investor speculation, a play on the hype surrounding the emerging, but still relatively non-existent, electric vehicle sector thematic.
At 16.5c per share, the stock is now at its highest point since May 2018.
Cobalt Blue (ASX:COB), one of the last remaining pure play cobalt explorers on the ASX, is planning pilot plant production for Q1 next year.
The company says it is currently working with 15 global partners who have expressed interest in receiving cobalt samples, including LG International, Mitsubishi Corporation and Sojitz Corporation.
A uranium boom is well overdue, if you believe the experts.
Stockhead’s Guy Le Page predicted uranium would “be one to watch because it’s had about 13 years in the doldrums”.
The list of ASX-listed uranium explorers and miners is very short. Most of them enjoyed a big month in December.
Check out these gains:
Vimy Resources (ASX:VMY) +116%
Many of these companies can ostensibly get into production quickly once prices improve to a certain level.
Bannerman’s Etango-8 project in Namibia has been ‘reimagined’ as smaller scale mine initially, but with the ability to ramp up production as demand improves.
Vimy’s main game is Mulga Rock, Australia’s largest near term uranium project.
And Paladin is a former producer at the Langer Heinrich mine in Namibia, which has been on care and maintenance but is ready to relaunch.
The company’s timetable envisages a restart of production by mid-2021, with a fairly modest capital outlay of around $80m.
After the long (cold) cannabis winter of 2019, cannabis reform at the global level appeared to provide a huge tailwind for the ASX cannabis sector at the start of December.
The big news came from the United Nations, which formally removed cannabis from its Schedule IV classification where it had been grouped in with drugs such as cocaine and heroin.
Local markets reacted to the decision, as nine ASX cannabis stocks posted double-digit daily gains on the day of the announcement.
The sector got another boost after the US House of Representatives voted to remove marijuana from the Controlled Substances Act — effectively decriminalising cannabis at the federal level.
The bill is unlikely to get through the Republican-controlled Senate, but that didn’t stop cannabis companies from outperforming the market with more big gains.
Iron ore price are at nine-year highs, and it looks like the run might continue for a while longer.
Punters are scrambling to get into any stock with a whiff of iron ore exposure. There are five of them in our Top 50, led by a probably very confused Legacy Iron Ore (ASX:LCY).
Legacy — which is ostensibly gold focussed — ran hard on big volumes last month for no apparent reason.
Why? With iron ore prices hitting record highs, punters may be speculating that the explorer will dust off its Mt Bevan project in WA.
Mt Bevan – besides a large, low grade magnetite resource – includes a decent chunk of Jupiter Mines’ (ASX:JMS) neighbouring high grade iron ore deposit.