The Motley Fool

These 3 small-cap shares posted strong gains today

While Sirtex Medical Limited (ASX: SRX) will take the headlines for its 46% gain today, it wasn’t the only share posting strong gains.

Three shares at the small cap end of the market that made a notable move higher are listed below. Here’s why:

The Change Financial Ltd (ASX: CCA) share price is up 3.5% to an all-time high of $1.17. This morning the fintech company released its second-quarter update which revealed record transaction volume growth of 17%, deposit growth of 18%, and purchase growth of 16% for its consumer division quarter-on-quarter. According to the release, Change Financial now has 150,000+ direct to consumer customers using its award-winning ChimpChange Mobile Banking platform and received customer deposits of more than US$19.2 million during the December quarter. I’ve been very impressed with its growth, though I do have slight concerns over its cash outflows. Its cash balance was reduced to $4.8 million from $6.7 million during the latest quarter. At the current burn rate I would estimate this will be enough for three more quarters.

The Gage Roads Brewing Co Limited (ASX: GRB) share price is 4.5% higher at 9.3 cents following the release of its quarterly update. Although the company recorded an unaudited EBITDA result of $1.3 million for the first-half, down from $2.8 million for the prior corresponding period, the result was in line with expectations. This was largely due to the $0.9 million of non-recurring income in the prior corresponding period and a $1.1 million increase in sales and marketing compared to the prior period. While I’m not ready to hit the buy button, I do think Gage Roads could be one to watch. Especially if its contract with Optus stadium proves to be a success.

The Oliver’s Real Food Ltd (ASX: OLI) share price jumped 15% to 26.5 cents after its quarterly update revealed cash receipts of $10.5 million and net operating cash inflow of $1.8 million for the three months ending December 31. This was a sizeable increase on the $7.7 million and $5,000, respectively, it delivered in the September quarter. In light of this much improved performance, I think the healthy fast food company is worth a closer look. And considering the ongoing consumer shift away from junk food to healthy options, I think Oliver’s could have a bright future ahead of it.

Here are three more shares which I think have incredibly bright futures ahead of them.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.