Firstwave Cloud Technology Ltd jumped 23.29% to AUD$0.09, closing out the day as the biggest winner among small cap shares on the Australian stock market today.

Coming in second was Sunstone Metals Ltd, which gained 22.92% to AUD$0.06.

Third was Amaero International Ltd, which gained 18.42% to AUD$0.45.

Next was Rhinomed Ltd, which gained 17.24% to AUD$0.34.

And rounding out the top five was Infinity Lithium Corporation Ltd, which increased by 14.81% to AUD$0.16.

NOTE: Small Cap stocks on the ASX are those with a market valuation between AUD$50 and AUD$500 million.