6 stocks soaring on the ASX today

S&P/ASX 200 rises 0.4%, as it heads for 6,000

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

6,000 here we come. Next week. Maybe…

Ok, so the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) gained 0.4% today, rising to 5,975.5, not far off the psychologically important but otherwise unimportant 6,000 mark.

These six small cap stocks soared on the market today…

Graphite and vanadium miner Triton Minerals Ltd (ASX: TON) rocketed up 78.6% to 25 cents, after the company confirmed that Triton's Mozambique Graphite (TMG) can be expanded up to 1,000 times. The results confirm the high quality of Triton's graphite, which can demand premium prices thanks to strong market demand. Clearly a positive for Triton.

Covata Ltd (ASX: CVT) posted a 16.3% gain to close at 46.5 cents. The company announced strategic partnerships with both New York-based consulting firm Sumatics and Asia Principal Capital Group (APCG). Shares are up 42% in the past week, after the company also reported more positive news earlier this week, as we noted here.

Ziptel Ltd (ASX: ZIP) rose 11.6% to 48 cents, and has now gained 78% since the beginning of the year. Despite no news from the company today, Ziptel is one hot stock. The company has developed a communications app that allows users on very low-bandwidth mobile networks to send and receive chat, SMS and email messages. A number of companies are using the Ziptel app as a 'white label' solution, i.e. to rebrand it as their own, but pay Ziptel for use.

Nearmap Ltd (ASX: NEA) gained 10.0% to 55 cents, after The Australian today reported that the company had dropped its action against Spookfish Limited (ASX: SFI). Nearmap had reported that it had dropped the case in an ASX announcement yesterday. Now the company is clear to focus on its US expansion, and building up its profitable Australian operation. Clearly the aerial photomapping company doesn't think it's worthwhile pursuing Spookfish.

1-Page Ltd (ASX: 1PG) added 4.1% to close at $2.01. Shares have rocketed up 70% since the start of the year, as the company continues to announce potentially profitable agreements, including Amazon, Accenture and Fitness First in Australia, to use 1PG's job seeker and hiring solutions.

Ainsworth Game Technology Limited (ASX: AGI) closed at $2.90, up 5.5%. The poker machine manufacturer's share price is still down 30% since a year ago, as the company has struggled to maintain its phenomenal growth of the past few years. In the latest half, revenues fell 8%, and net profit was down 3%. Of major concern was a 34% fall in domestic revenue.

 

The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.  This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Motley Fool writer/analyst Mike King owns shares in Nearmap. You can follow Mike on Twitter @TMFKinga

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »