The top performing ASX small and mid-caps over the last 12 months (and 6 you should watch)

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It’s no secret that it was a volatile financial year for markets, particularly for small-cap companies. But it wasn’t a universally bad year for all of those companies. In fact, some shot the lights out.Unsurprisingly, mining companies dominated the list of top gainers in FY23, with gold a key player. Gold is a traditional safe-haven asset in inflationary times. Despite prices struggling in late 2022, it staged a recovery in the first six months of 2023.Non-mining companies on the list ranged from services and tech-related, while online fashion even made an appearance. No small feat in a time where cost of living pressures should have seen consumers trading down (though numbers until recently for consumer spending remained high).In this wire, I’ll look at the performance figures of ASX300 companies collated by Market Index and focus on those classified as small or mid-cap companies. You can find out about the top performing large-caps in this wire by my colleague Glenn Freeman. I also spoke with FNArena's editor and founder Rudi Filapek-Vandyck for his views on the list and where he's watching in the coming year. The table below shows the 10 ASX small and mid-caps that delivered the highest returns in FY2023 (based on the ASX300).CodeCompanyPriceMarket cap1-year share price return (%)CTTCettire $2.76$1.1B481.05%LRSLatin Resources$0.24$625M256.62%A4NAlpha Hpa$1.13$969M179.01%WBTWeebit Nano $6.15$1.2B170.93%360Life360 Inc$7.05$1.4B128.16%RSGResolute Mining $0.41$878M104.61%MADMader Group $4.93$986M89.62%MMSMcmillan Shakespeare $17.53$1.2B79.06%BGLBellevue Gold $1.25$1.4B78.57%EMREmerald Resources$2.03$1.2B77.29%The top 5 gainers for FY231. Cettire Ltd ASX:CTTCettire is a global online retailer offering a large selection of in-demand personal luxury goods via cettire.com. It has access to more than 2,500 luxury brands and more than 400,000 items of clothing, shoes, bags and accessories. The US is its strongest market.In Cettire’s report for the year to end of April 2023, it announced an increase of 122% in sales revenue and adjusted earnings before tax, depreciation and amortisation of $7 million. It has seen significant growth in its active customer base and is focusing on expansion in to emerging markets and new geographies like China.While most anticipated that retail, particularly on the luxury end would struggle in FY23 due to cost of living challenges,...

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