Korab Resources Limited jumped 56.14% to A$0.09, closing out the day as the biggest winner among microcap shares on the Australian stock market today.

Coming in second was Hawthorn Resources Limited, which gained 29.09% to A$0.07.

Third was Pantoro Limited, which gained 32.61% to A$0.31.

Next was Devex Resources Limited, which gained 22.83% to A$0.56.

And rounding out the top five was Caspin Resources Limited, which increased by 22.45% to A$1.20.

NOTE: Microcap stocks on the ASX are those with a market valuation below A$50 million.