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I'm Rachael and you’re watching Buzzing Trends.
Today we are looking at 5 ASX shares that won over investors with their massive gains
in 2021.
2021 has been a great year for the Australian equities market, with many shares delivering
multi-bagger returns.
The sharp recovery from the pandemic lows made last year in the broader markets was
one of the sharpest rallies ASX 200 has witnessed since its inception.
With 2021 just about to end in a month, investors have already raked in massive gains in some
of the hottest stocks of the year.
Let us have a brief look at the top high-flying stocks of 2021 that proved to be a gold mine
for investors.
First is Australian lithium producer Sayona Mining, top performer of the year.
The company focuses on developing raw materials for lithium-ion batteries and has surged to
a market capitalisation of AU$951 million this year.
Sayona Mining shares have rallied sharply in 2021, delivering an astonishing return
of 1,446.9% to 13 cents.
The company also reduced its net loss in financial year 21 to AU$4.38 million.
Next up ASX-listed miner, Red Hill Iron engages in iron ore, base metal and gold projects
in Western Australia.
The company has a market capitalisation of AU$193.3 million and reported a net loss of
AU$1.65 million in financial year 21, compared to a net loss of AU$0.47 million in financial
year 20.
The Red Hill Iron share price has surged 1,189.4% to AU$3.39 and delivered a dividend of AU$1.2
per share.
The company ended financial year 21 with a cash reserve of AU$92.02 thousand.
Province Resources is a natural resources company listed on the Australian bourse.
The company has reported a net loss of AU$14.5 million in financial year 21, compared to
an AU$1.72million loss in financial year 20.
Recently, it sold its Pascalle Project in the Paterson Province of Western Australia,
raking in AU$400,000 from the deal.
Despite piling on losses, Province Resources’ share price has risen 971% this year to AU$0.15,
bolstering the market capitalisation of the company to AU$175 million.
Next up, founded in 1997, Lake Resources is another mineral exploration company on the
list.
The company is a clean lithium developer and aims to develop sustainable, high purity lithium.
The company has risen to a market capitalisation of around AU$1 billion this year.
Lake Resources minimised its losses in financial year 21 to AU$2.89 million, from AU$4.9 million
in financial year 20, while the Lake Resources shares rallied 887.5% to 79 cents this year,
delivering a dream return to investors.
Arizona Lithium formerly known as Hawkstone Mining is a diversified mining company currently
working on two projects – the Big Sandy Lithium project and the Lordsburg Lithium
project.
The company has a market capitalisation of AU$180.7 million and posted a net loss of
AU3.46 million in financial year 21, over an AU$3.49 million loss in financial year
20.
The Arizona Lithium share price is up 933.3% this year, last traded at 9 cents.
In November 2021, the company also posted outstanding metallurgical testwork results
from the Big Sandy Lithium project - Bench-scale ore beneficiation work had produced a concentrate
containing 71% of the lithium in 36% of the whole ore mass.
Although these four-digit returns might seem common, especially in the metals and mining
space, one has to consider that the year 2021 has proven to be an exceptional one for equity
investors.
These past returns do not guarantee future performance.
Well, that’s all for now.
We will be back soon with our Buzzing Trends show to share the latest market insights with
you.
Till then, Stay tuned with Kalkine TV for more stock, business and economy related hot
trends.