3 Small-Cap ASX Shares to Watch in 2026

Investment Strategist | Risk Specialist | Chartered Accountant

Published on: Nov 10, 2025

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Please note: The information below is general in nature and should not be considered financial advice.


Please note: The information below is general in nature and should not be considered financial advice.

As part of Ardentis Capital’s ongoing research, we’ve identified three emerging ASX-listed companies showing strong momentum, sector potential, or unique market exposure. These are not recommendations, but noteworthy names for your watchlist:

 ACE (ASX: ACE) – Smart Tech & Safety
Acusensus delivers AI-powered road safety solutions and has recently secured government contracts in Australia and the U.S. Positioned in the “tech-for-good” space, its growth depends on successful scaling and long-term partnerships.

ELV (ASX: ELV) – Lithium Exposure
Elevra Lithium (formerly Sayona) operates in the high-demand battery materials sector. The current market offers an attractive entry point, with upside potential if project execution remains on track. Note: Commodity price volatility is a key risk.

MSB (ASX: MSB) – Biotech Opportunity
Mesoblast specializes in regenerative medicine and stem-cell therapies. With major FDA milestones ahead, it offers diversification beyond mining and tech but remains high-risk due to regulatory and trial outcomes.

Our Perspective:
The small-cap space is volatile but can produce future leaders. For those comfortable with market swings, these companies are worth monitoring in 2026. Focus on diversification, disciplined execution, and clear growth strategies.

Disclaimer: This post reflects Ardentis Capital’s research insights and market observations only. It is not financial advice. Please conduct your own due diligence or seek independent advice before making investment decisions.