ASX small cap gold stocks to look out for

Highlights

  • Gold, known as a safe haven, has acted as a harbour for the investors during the time of inflation.
  • The Gold future prices rose by 0.1% on Thursday’s trading session.
  • OKR, BSX and CAI delivered 178%, 24% and 17% YTD return.

The rising inflation and energy crisis is likely to put pressure on the securities, where the central banks will need to increase the rate of interest, reducing the market liquidity.

In the scenario of rising inflation and increased volatility in the market, gold acts as a harbour for the investors. This article will walk you through some top performing ASX small cap gold stocks for October.

Kalkine Research Source:ASX 

Okapi Resources Limited (ASX:OKR)

The ASX listed small cap minerals exploration firm – Okapi Resources is focused on becoming a new leader in the North American carbon free nuclear energy.

rise in share price

Representative Image Source: © Jirsak | Megapixl.com

The company has proceeded with Enmore Gold Project acquisition in September. According to its FY2021 results for the year ended on 30 June 2021:

  • The company reported cash and cash equivalents at AU$3.2 million.
  • Net cash flows from the investing activities stood at AU$453,526.

OKR shares closed at AU$0.495, remaining unchanged from the previous close, on 11 October.

RELATED READ - Six ASX-listed gold stocks for 2022

 

Blackstone Minerals Limited (ASX:BSX)

Blackstone Minerals is an ASX listed Western Australia based mining company that offers gold and silver exploration services.

According to its FY21 annual report:

  • The net cash outflows from ordinary activities stood at AU$15 million for the year ended on 30 June 2021.
  • Revenue from continuing operations stood at AU$77,247 from AU$46,333 in FY2020.

On 11 October, Blackstone shares closed 6.185% higher at AU$0.515.

Calidus Resources Limited (ASX:CAI)

Calidus Resources is an ASX listed small cap gold exploration firm. According to its FY21 annual report-

image description – business graph

Representative Image Source: © Jirsak | Megapixl.com 1, image description – business graph

  • Company’s financial assets stood at AU$356,836 for the year ended on 30 June 2021.
  • The cash and cash equivalents stood at AU$27.3 million, up from AU$5.69 million in FY2020.

CAI shares closed 2.564% higher at AU$0.600 on 11 October.

ICL Gold Limited (ASX:ICL)

ICL Gold is an ASX listed mining exploration firm.

According to its FY21 annual report for the year ended on 30 June 2021 –

  • The group reported a loss before tax of AU$2.39 million for FY21.
  • Group’s net assets stood at AU$24.21 million and the cash and cash equivalents stood at AU$17.37 million.
  • Group’s working capital stood at AU$16.93 million for the prior year.

On 11 October, ICL shares closed 13. 207% higher at AU$0.300.

DGR Global Limited (ASX:DGR)

DGR Global Limited is an ASX listed resource company creator that is focused on inter-generational, global search for tier one resource projects.

According to its FY21 annual report –

  • The net assets of the group stood at AU$165.94 million from AU$116.71 million in the prior year.
  • Group’s loss after income tax came at AU$1.08 million, largely driven by management fee income, finance costs and other related financial activities.

On 11 October, DGR shares traded 3.333% higher to close at AU$0.062.

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