Seven ASX shares that stood out in 2021

Highlights

  • The year 2021 had been a good one for Australian equities, with the ASX 200 delivering a 12.66% YTD return (as of 7 September 2021).
  • Some of the best ASX outperforming stocks this year are RHI, DO, PRL, etc.
  • Picking up these outperformers is not an easy task as one should keep expectations realistic.

The year 2021 had been a good one for the global equities market, including the Australian equities market. Vaccination drives in many countries are going at a good pace, leading to the opening up of economies. As a result, investors are expecting a better outlook.

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Global markets have soared to new heights this year, including the ASX 200 which touched 7,632.8 and has given a YTD return of 12.66% (as of 7 September 2021). However, there are a few ASX stocks that have skyrocketed this year, massively outperforming the ASX 200. Let us have a look at five such stocks that have stood out in 2021 (as of 7 September 2021).

Related article: Five ASX penny stocks that started September on a bright note

  1. Sayona Mining Limited (ASX:SYA)

Sayona Mining is an ASX-listed lithium player with a market capitalisation of AU$979.05 million. The SYA share price has shot up by a massive 1,672.9% this year and closed at AU$0.16.

The company (through its subsidiary) recently finalised the acquisition of North American Lithium Inc after the necessary Court and regulatory approvals. Sayona Mining is now preparing to advance its scoping study for the profitable production of lithium concentrate.          

  1. Red Hill Iron Limited (ASX:RHI)

Red Hill Iron is an iron ore miner in Australia with a market capitalisation of AU$230.91 million. On 3 September, the company announced the sale of a 40% stake in the Red Hill Iron Ore Joint Venture.

Amid all the approvals, Mineral Resources has transferred AU$200 million to the company as the first instalment of the sale. The RHI share price closed at AU$3.92, delivering a massive 4-digit return of 1,568.1%.

  1. Future Metals NL (ASX:FME)

Future Metals is another ASX-listed miner that has been in a dream run for investors this year. In the recent quarter ended 30 June 2021, the company exercised its option to acquire the remaining 20% stake in the Panton PGM Project by paying AU$3.0 million as the company gained 100% ownership.

The FME share price last closed at AU$0.22, delivering a return of 1,122.2% this year. The company has a market capitalisation of AU$78.4 million.

  1. Doriemus PLC (ASX:DOR)

Doriemus is an AU$1.7-million oil and gas exploration company and owns a 4% stake in Horse Hill Developments Limited. During the quarter ended 30 June 2021, the company completed an energy-efficiency study on the Horse Hill-1 well, which has been factored into future field development plans.

During the quarter, the company announced a capital raising plan to raise approximately AU$3.34 million. The DOR share price closed at AU$0.3 and has run up to 1,107.6% this year.

  1. Province Resources Limited (ASX:PRL)

Province Resources is an ASX-listed natural resources company. Recently, the company entered into a non-binding MOU with Global Energy Ventures Limited to support a technical and commercial feasibility study on exporting green hydrogen.

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The scope includes transport from the company’s onshore hydrogen gas production facility to an offshore ship for Asia-Pacific markets. The PRL share price last closed at AU$0.14, gaining 1,015.4% this year.

  1. Renascor Resources Limited (ASX:RNU)

Renascor Resources is focused on developing mineral properties in Australia and has a market capitalisation of AU$234.83 million. On 31 August 2021, the company announced that it had successfully completed large-scale pilot trials using ore samples from Renascor’s Siviour Graphite Deposit.

A total of 77.8 tonnes of Siviour ore was processed during the trials. The RNU share price last closed at AU$0.13 and has rallied 941.7% this year.

  1. Oneview Healthcare PLC (ASX:ONE)

Oneview Healthcare is a software provider for the healthcare industry with a market capitalisation of AU$164.64 million. In the recent 1HFY21 result, the total revenue was up by 13% to €3.4 million as previously delayed installations proceeded.

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Cash balance of €5.0 million reflects a significant reduction in operating cash burn in the reported period. The ONE share price has delivered a return of 722.2% this year.

Read more: Five ASX penny stocks that turned multi-baggers in 2021

Bottom line

Although the benchmark index has marked a new high this year, a lot of stocks have massively outperformed the benchmark return. However, picking up these outliers is not an easy task and may contain a higher risk factor than investing in an index fund.

Therefore, it is always advisable to consult your financial advisor before investing directly in equities.

Read more: Five ASX penny stocks that are in momentum

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