5 ASX shares with more than 4x returns in 2021: QPM, CTT, VUL, NVX, CXL

Highlights

  • In 2021, ASX 200 index delivered more than 10% growth till date.
  • Many ASX-listed players have delivered an outstanding performance in 2021.
  • QPM, CTT, VUL, NVX, CXL are a few players with YTD growth of over 300%.

In 2021, ASX 200 index has delivered a growth of ~11%. Many players listed on ASX have delivered an outstanding performance, with more than 300% growth.

This article will look at five companies with a market cap of over AU$300 million that delivered a return of over 300% in 2021 and cover their recent developments.

Queensland Pacific Metals Limited (ASX:QPM)

Queensland Pacific Metals has witnessed a 7.3x leap or a massive 633.33% YTD growth in its share price in 2021. On 22 September 2021, QPM shares were trading at AU$0.242 at 11:03 AM AEST.

Queensland Pacific Metals is into nickel production and is the owner of the Townsville Energy Chemicals Hub.

ASX shares with more than 4x returns in 2021

On 23 August 2021, the Company announced that it got written approval from the Northern Australia Infrastructure Facility (NAIF) that information given for the Strategic Assessment Phase has been considered for the TECH Project.  Post the review, the project would carry on to the detailed due diligence.

It is a key milestone for the Company’s engagement with NAIF and complete funding strategy. It is an important move in recognising the optimum funding sources necessary to build the TECH project.

QPM now expects to present a formal Investment Proposal to NAIF. It will work with NAIF to offer the necessary data to carry out its due diligence investigations concerning participation in the debt facilities that would, to some extent, fund the TECH project.

DO WATCH: How does the SPP scaled up from AUD 3 million to AUD 5 million in Queensland Pacific Metals Limited?

Cettire Limited (ASX:CTT)

Online luxury goods retailer Cettire Limited reported a 7.3x leap or a massive 634.04% YTD growth in its share price in 2021. On 22 September 2021, CTT shares were trading at AU$3.45 at 11:03 AM AEST.

The Company reported significant growth of 333% in its revenue in gross revenue to AU$124.5 million. Sales revenue increased by 304% to AU$92.4 million. Active customers improved by 285% to 114,830. Operating cash flow grew by 131% to AU$12.7 million. The Company has a strong balance sheet, with net cash of AU$47.1 million cash and zero debt.

Revenue growth

The Company started FY2022 on a strong note and a positive outlook. In July 2021, CTT witnessed a 181% growth in unaudited gross revenue.

Vulcan Energy Resources Limited (ASX:VUL)

Mineral exploration company Vulcan Energy Resources reported a 4.9x leap or a massive 394.57% YTD growth in its share price in 2021. On 22 September 2021, VUL shares were trading at AU$13.65 at 11:03 AM AEST.

On 16 September 2021, the Company announced the completion of AU$200 million placement via a well-supported Placement from existing and new institutional investors, including ESG-driven organisations.

The proceeds raised through placement would support VUL’s target of growing into the first fully integrated renewable energy and Zero Carbon Lithium™ Company of the world.

Vulcan Energy raised AU$200 million via placement

Other than this, the Company was admitted to S&P/ASX300 Index.

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Novonix Limited (ASX:NVX)

Battery technology and materials company NOVONIX Limited noted a 4.9x leap or a 389.26% growth in its share price in 2021. On 22 September 2021, NVX shares were trading at AU$5.92 at 11:03 AM AEST.

In the September quarterly rebalance, NVX was admitted to S&P/ASX 300 Index. In FY2021, the Company continued to aim on the accomplishment of its business strategy & growth plans. 

On 10 August 2021, Phillips 66 (NYSE:PSX) signed a contract to obtain a 16% stake in NOVONIX Limited. It would help Phillips 66 to immediately support the development of the U.S. battery supply chain. On the other hand, Phillips investment in NVX would give the required capital to encourage growth and ongoing R&D to scale the synthetic graphite production & build new technologies for higher-performance energy storage applications.

Phillips 66 signed a contract to obtain a 16% stake in NOVONIX Limited

The Company is well placed to become an industry leader at the top of product innovation in the battery development plus material technology industry.

ALSO READ: NOVONIX eyeing capital raising with an aim to become leading battery technology company

Calix Limited (ASX:CXL)

Calix Limited is a multi-award-winning Australian tech company. The Company noted a 4.7x leap or a 367.29% growth in its share price in 2021. On 22 September 2021, CXL shares were trading at AU$5.00 at 11:03 AM AEST.

On 15 September 2021, the Company announced that global decarbonisation investor Carbon Direct Capital Management invested  €15 million for a 6.98% equity stake in LEILAC Group. LEILAC Group is a subsidiary of CXL. Calix would own the outstanding 93% of the LEILAC Group.

Carbon Direct Capital Management invested  for a 6.98% equity stake in LEILAC Group

The investment would speed up the development & deployment of LEILAC, which utilises Calix technology for cement and lime decarbonisation. Other than this, CXL signed a license deal with the LEILAC Group under which CXL would preserve 30% of royalties made by the LEILAC Group from implementing the technology, irrespective of Calix’s equity share in the LEILAC Group.

In FY2021, the Company delivered a strong result with a 22% growth in total revenue and other income to AU$29.9 million. Core Product Sales improved by 36% to AU$19.2 million. In FY2022, the core focus would be revenue and gross margin growth, CO2 migration, crop protection, marine coatings, advanced batteries and sustainable processing.

DO READ: Calix Limited (ASX: CXL) unveils a slew of strategic updates

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