- Small-cap stocks provide investors with better growth opportunities than large-cap and mid-cap stocks, albeit with more risk involved.
- OceanaGold continued to develop its organic growth projects and delivered a solid Q1 FY2021 performance.
- De Grey Mining reported positive results from latest metallurgical testwork findings on oxide, transition, & major mineralisation from the Aquila region.
- Cettire witnessed massive growth in its top line in Q3 FY2021. The Company anticipates improved sales revenue and encouraging statutory EBITDA in the future.
Amid the ongoing recovery in the Australian economy, market participants are eyeing those stocks where see considerable growth potential. In the last month, several ASX-listed companies have come up with their quarterly updates or other recent developments focussing on achieving their future objectives.
Compared to large-cap and mid-cap stocks, small-cap stocks provide investors with high growth opportunities. However, these are volatile and risky investments, and only investors with risk appetite prefer these stocks as they generally outperform both mid-cap and large-cap stocks.
This article looks at three ASX-listed small-cap stocks – OceanaGold, De Grey Mining, and Cettire Limited - that have delivered decent growth in the last month.
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Other small-cap players delivering impressive returns include Betmakers Technology Group Ltd (ASX:BET), Kelly Partners Group Holdings Limited (ASX:KPG), and Michael Hill International Limited (ASX:MHJ).
OceanaGold Corporation (ASX:OGC)
Multinational gold producer OceanaGold Corporation has delivered a growth of 19% in the last month. On 14 May 2021, OGC shares last traded at AU$2.630, down 1.499% from the previous close.
Recently, on 06 May, the Company announced the appointment of two as Non-Executive Directors to OGC’s Board of Directors, Mr Michael James McMullen & Mr Paul Benson. These two Non-Executive Directors carry over 70 years of experience collectively, and OGC expects they would contribute to the Company’s success.
In Q1 FY2021, the Company reported consolidated gold production of 83.191K ounces at AISC US$1,229 per ounce on sales of 82,847 ounces of gold. Q1 revenue was US$48.9 million with an adjusted EBITDA of US$66.5 million. Adjusted net earnings for the quarter stood at US$21.8 million.
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The Company continues to develop its organic growth projects. It includes the development of 2,311 metres at Waihi’s Martha Underground. OGC has also advanced the main access & ventilation drops for its Golden Point Underground at Macraes.
INTERESTING READ: Why OceanaGold (ASX:OGC) shares could be on investors’ radar today
De Grey Mining Limited (ASX:DEG)
De Grey Mining Limited, the explorer of precious and base metal, witnessed a growth of 6.07% in the last month. On 14 May 2021, DEG shares closed at AU$1.310, down 9.656% compared to the previous close.
On 10 May 2021, the Company positive results from latest metallurgical testwork findings on oxide, transition, & major mineralisation from the Aquila region. The findings were in line with the prior positive results attained from the Brolga zone at Hemi. The Company is confident about its continuing metallurgical testwork plan in the several ways accessible to achieve high gold recoveries from Hemi as well as the regional deposits throughout the Mallina gold project.
Cettire Limited (ASX:CTT)
Global luxury online retailer Cettire Limited witnessed a growth of 2.41% in the last month. On 14 May 2021, CTT shares last traded at AU$1.710, up 0.588% from the previous close.
On 03 May 2021, the Company provided an update on trading in Q3 FY2021. It also updated its Prospectus forecasts for FY2021.
- Gross revenue improved by 367% to AU$25.3 compared to the previous corresponding period (pcp).
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- Sales revenue grew by 331% to AU$18.5 million.
- The number of active customers during Q3 FY2021 YTD was 86,764.
With a strong trading performance during the third quarter, CTT expects sales revenue of at least AU$80 million and encouraging statutory EBITDA, depending on the timing of select brand marketing programs.