These 3 micro stocks are soaring

It is tempting to just watch the S&P/ASX 200 big players ride the wave of rallying share prices as Wall Street pushes higher, but it can also pay to keep one eye on the little guys.

These three micro caps are soaring up in the realm of 52-week highs and investors looking for long-term growth prospects should ensure they have these names on the top of their watchlist.

Kathmandu Holdings Ltd (ASX: KMD)

Shares in adventure clothing and equipment retailer Kathmandu Holdings Ltd are on the rise today, up 2.2% to $2.32 on the back of a year of share price gains, up from $1.77 at this time last year.

Kathmandu, one of Australia and New Zealand’s largest outdoor retailers, has recently completed an underwritten institutional share placement of 18.5 million shares to raise $37.3 million to partially-fund the acquisition of US-based Oboz Footwear.

Investors are likely also buoyed by Kathmandu’s half-year results announcement last week, which saw the company report a 23% boost in profit after a successful Christmas sales period, with sales growing by 3.7% in Australia.

Kathmandu’s global expansion strategy looks promising, although all eyes will be on its US move after a failed bid to expand into the UK went south in 2015.

A retailer to keep an eye on.

Byron Energy Ltd (ASX: BYE)

Shares in oil and gas explorer Byron Energy Ltd have rocketed up in the last 12-months, from 11c per share at this time last year to the 43c at the time of writing.

Byron owns and operates energy blocks located in the outer continental shelf of the Gulf of Mexico, with the $308 million market cap company beginning to flex its muscles in recent times.

Byron Energy this week announced it will start oil production at South Marsh Island 71 with production rates not yet established, but upper range expectations forecast.

The South Marsh Island 71 is Byron’s flagship project and the commencement of maiden production has boosted the company to producer status.

A commodity player to watch as its projects gain traction.

Bravura Solutions Ltd (ASX: BVS)

Shares in software product provider Bravura Solutions Ltd has pushed higher again today, up 1.8% to $2.78 at the time of writing.

Bravura shares have risen from just $1.50 at this time last year with the company firmly in 52-week high territory as the stock continues on its definitive upswing.

Bravura is asserting itself as a serious fintech player, with its wealth management software Sonata now accounting for 55% of the company’s revenue.

Bravura’s half-year results saw underlying NPAT jump 13% to $14.2 million with a good uptake from new clients ensuring future forecasts look rosy.

The financial services industry is only strengthening, so this software mogul is one to watch.

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Bravura Solutions Ltd. 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 Scott Phillips.

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