3 ASX Mining stocks returning over 5x in 2021

Image Source: © Pics1 | Megapixl.com

Highlights

  • Rising commodity prices have supported mining companies towards performing well.
  • Callix’ overall revenue increased to AU$29.9 million, up 22% from FY2020.
  • RNU, HNR and CXL have delivered over 400% YTD return so far.

The Australian material sector continued to gain on Tuesday, supported by rising commodity prices. Many mining companies have reported significant YTD returns in 2021 on the back of rising commodity prices. in this article, we will discuss a few top-performing mining stocks returning more than 5x in 2021.

Renascor Resources Limited (ASX:RNU)

Renascor has delivered around 942% YTD return this year so far. RNU’s business deals with developing and discovering copper, gold, graphite, and other mineral assets.

In August, the company signed an offtake Memorandum of Understanding (MOU) with South Korean conglomerate POSCO for supplying 20,000 to 30,000 tpa of Purified Spherical Graphite (PSG) from RNU’s planned Battery Anode Material operation in South Australia.

In October, the company reported net cash from investing activities at AU$1.04 billion for the quarter ended on 30 September. With its current working program, the company expects an improved performance in the lithium-ion battery minerals industry with a strong potential for positive share market performance, 

On 9 November, RNU shares closed 4.00% higher at AU$0.130.

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Hannans Limited (ASX:HNR)

The AU$109.46 million minerals exploration company Hannans Limited has delivered over 740% YTD return so far.

The company recently completed a transaction in the Nordic region to recover high purity metals from scratch. It signed a memorandum of understanding (MoU) for commercialising its lithium-ion battery recycling technology in Sweden, Denmark, Finland and Norway.

According to its quarterly report for the period ended on September 2021, the company’s net cash from operating activities stood at AU$6.73 billion and the cash and cash equivalents stood at AU$3.41 billion.

On 9 November, the scrip closed 2.381% lower at AU$0.041.

Image source: © Adwo | Megapixl.com

Calix Limited (ASX:CXL)

Calix Limited has delivered a 472% YTD return so far this year. The AU$948.36 million materials company develops patented technology to provide industrial solutions addressing global sustainability challenges.

For FY22, the company aims to achieve full battery cell results and a successful scale-up and trial productions with its locally produced LMO cathodes. Company’s overall revenue increased to AU$29.9 million, up 22% from FY2020.

The Group reported a net loss after tax of AU$9,106,771 in its annual report for the year ended on 30 June 2021. CXL held cash reserves of AU$15,130,147 and the net current assets stood at AU$15,306,630.

On 9 November, the scrip closed 5.263% higher at AU$6.200.


 


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