3 exciting small cap shares to watch in November

Citadel Group Ltd (ASX:CGL) shares are one of three that I think investors ought to watch in November…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

I think there are a good number of exciting shares at the small end of the market that are well worth keeping a close eye on.

Listed below are three small cap shares that I think investors ought to watch in November. Here's why I like them:

Citadel Group Ltd (ASX: CGL)

Over the last few years the amount of data being generated by consumers and businesses has exploded. The good news for Citadel is that there are no signs of the trend slowing, which should mean demand for its Citadel-IX product continues to grow. Citadel-IX is a cloud-based enterprise information management platform which allows users to securely access and transfer proprietary and sensitive information remotely. It counts many government agencies as customers, which I believe is a testament to the quality of the product.

ELMO Software Ltd (ASX: ELO)

ELMO is a leading provider of cloud-based human resources and payroll software solutions. In FY 2018 the company experienced another surge in demand for its services, leading to ELMO achieving pro forma revenue of $31.9 million and pro forma SaaS revenue of $29.8 million. Pleasingly, this morning the company provided an update for its first quarter and revealed further explosive growth. According to the release, strong demand has led to a 91% increase in quarterly cash receipts on the prior corresponding period to $10.3 million.

Volpara Health Technologies Ltd (ASX: VHT)

Volpara Health Technologies is another small cap share that I think is well worth considering. Volpara is a healthcare technology company that provides an increasingly popular breast imaging analytics and analysis software. On Monday the company provided the market with an update on its first quarter performance. According to the release, the company saw cash received from customers jump 124% on the prior corresponding period. Management also advised that its share of the U.S. breast screening market grew from 3.7% to 5.6% during the quarter.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended ELMOSFTWRE FPO and VOLPARA FPO NZ. The Motley Fool Australia owns shares of Citadel Group 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.

More on Speculative

A man balances on a tightrope across rocks above the sea at sunset.
Speculative

My top high-risk, high-reward ASX shares to buy in March

If you go into it with your eyes open about the pitfalls, speculative stocks could be fine in a well…

Read more »

A group of three scientists talking excitedly while working in a lab on a diabetes test developed by Proteomics International Laboratories which is an ASX share tipped to explode by Alto Capital
Ask a Fund Manager

2 'outstanding' small-cap ASX shares that could explode: expert

Ask A Fund Manager: Alto Capital's Tony Locantro reveals a pair of small caps that he reckons have a bright…

Read more »

A woman jumps for joy with a rocket drawn on the wall behind her.
Technology Shares

Why is the Weebit Nano share price rocketing 23% higher?

Weebit Nano shares are on fire on Wednesday...

Read more »

Man presses green buy button and red sell button on a graph.
Broker Notes

Broker names 3 speculative ASX shares to buy

Here are three speculative shares rated as buys...

Read more »

Scared looking people on a rollercoaster ride representing the volatile Mineral Resources share price in 2022
Resources Shares

May was a rollercoaster ride for the Vulcan (ASX:VUL) share price

Shareholders in the ambitious lithium producer had to fasten their seat belts last month.

Read more »

Five stacked building blocks with green arrows, indicating rising inflation or share prices
Share Gainers

The ClearVue (ASX:CPV) share price is up 65% in a month. Here's why

The ClearVue Technologies Ltd (ASX: CPV) share price is up 65% in the last month. We take a look at…

Read more »

tech shares represented by woman holding hand out to touch icons on digital screen
Speculative

2 small cap ASX tech shares to buy now

Whispir Ltd (ASX:WSP) and this small cap ASX tech share could be quality options for investors after recent pullbacks...

Read more »

Speculative

2 small cap ASX shares you need to know about

Nitro Software Ltd (ASX:NTO) and this small cap ASX share could be the ones you need to know about right now.…

Read more »