ASX small cap miners have had a slow 2019, gaining only 1.5 percent and during April they actually declined by 1.75 percent.

Perhaps this can be attributed to the uncertainty of the mining sector, particularly coal, in the event of a change of government.

The market knew there would be an election held this year but in April it was called and the campaign has been underway.

But this has not stopped a handful of companies performing well.

The winners

Copper miner Valor Resources (ASX: VAL) was the top performer in April, tripling in value. Surprisingly, there was no news until their quarterly was released on April 23.

While Valor had already signed a Joint Venture Option Agreement with Rio Tinto back in January, they reminded the market of the deal and that drilling would commence in May.

West Australia oil and gas play Rey Resources (ASX: REY) also performed well in April. They started the month having purchased exploration permits in the Canning basin from Doray Minerals.

This month an Independent Resources Review endorsed the purchase, estimating Prospective Resources of 3.14 tonnes per cubic feet of recoverable gas.

The biggest gaining stock that had news was battery metals explorer Surefire Resources (ASX: SRN). It bought a West Australian vanadium project with an inferred mineral resource of 237Mt.

Top 15 ASX small cap mining and energy stocks

Ticker Name Market Cap Price (1-Apr) Total Return April (%) Total Return YTD

(%)

VAL VALOR RESOURCES LTD $     13,252,346.00 0.006 200 100
REY REY RESOURCES LTD $     61,591,728.00 0.29 107 16
SUH SOUTHERN HEMISPHERE MINING $        5,219,699.00 0.059 79 31
SI6 SIX SIGMA METALS LTD $        2,287,515.75 0.005 67 25
SRN SUREFIRE RESOURCES NL $        2,515,768.25 0.005 67 -17
HCH HOT CHILI LTD $     28,932,954.00 0.034 62 271
WKT WALKABOUT RESOURCES LTD $     73,019,936.00 0.25 61 166
CZR COZIRON RESOURCES LTD $     24,997,718.00 0.014 56 8
GRV GREENVALE ENERGY LTD $        2,894,016.00 0.031 55 55
VKA VIKING MINES LTD $        3,764,614.25 0.012 50 -33
LNY LANEWAY RESOURCES LTD $     47,840,856.00 0.012 50 200
SBR SABRE RESOURCES LTD $        2,441,841.75 0.006 50 -25
TOU TLOU ENERGY LTD $     63,025,224.00 0.14 47 82
RMG RMG LTD $        9,853,838.00 0.016 45 33
GLL GALILEE ENERGY LTD $  117,353,264.00 0.565 43 -9.6

 

Newcomers

While there were no new IPOs in April, two IPOs will happen in May. Mont Royal Resources will list on May 15 and Gold Tiger Resources on May 22.

 

This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.