These two small cap stocks look to be quality, fast-growing businesses in my opinion.
If they're not already on your watch list, they should be in my opinion.
Explaurum Ltd (ASX: EXU)
Shares in gold and base metal explorer Explaurum Ltd seem to be tracking upwards after a late 2017 downtrend in price and some pretty flat months in between.
Explaurum's flagship operation is the Tampia Gold Project in Western Australia and work is progressing rapidly at the mine with a feasibility study due this month.
Explaurum's shares closed up 3.8% on April 11 at 13c per share – well up from its 52-week low of 0.08c with good news expected out of Tampia likely to see some solid trading volumes over the next few weeks.
Explaurum made considerable operational progress in the 6 months to December 31, 2017, with a capital raising of $4.5 million by domestic and international investors over this time through the issue of 42.9 million shares at an issue price of 10c per share.
One to watch this month as Tampia's future becomes more obvious.
Gale Pacific Ltd (ASX: GAP)
Marketer and manufacturer of branded screening and shading products, Gale Pacific Ltd, is making a name for itself globally, with operations in Australia, New Zealand, the USA, Middle East and China in both the domestic and commercial sector.
Gale Pacific shares have been stalled for the past 12-months, with its April 11 closing price of 40c per share not far from its 41c per share price at this time last year.
A recent guidance update out of the company could improve the sentiment of investors, with its global push likely to underpin a strong second half after the company reported a $1.7 million first-half profit – in line with expectations.
Gale Pacific opened a new warehouse in California late last year, which should complement its growth strategy across the US, and any success in this market should mean great things for its bottom line.
If Gale can make a go of its overseas operations to drive its growth its balance sheet should start to look pretty strong in the medium term.
But making gains from speculative stocks isn't all about luck….
