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Why these 4 ASX shares have started the week with gains

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears to have put last week’s poor performance behind it and has started the week in fine form. In afternoon trade the benchmark index is up 0.7% to 5,718 points.

Four shares which have made notable gains today are listed below. Here’s why they have started the week strongly:

The 4DS Memory Ltd (ASX: 4DS) share price has surged higher by 12% to 2.8 cents after the release of a positive announcement out of the semiconductor development company. Architectural changes the company made to its patented Interface Switching ReRAM have improved read access time to such a degree that is now comparable to DRAM. This could be a game-changer for the $40 billion global memory industry.

The Mineral Resources Limited (ASX: MIN) share price has jumped 11.5% to $11.05 following the release of a positive research note out of Deutsche Bank. According to the note, its analysts were impressed with the potential of the miner’s lithium asset in Western Australia. As a result, they have upgraded its shares to a buy rating with a $12.00 price target.

The Nearmap Ltd (ASX: NEA) share price has climbed 5.5% to 57 cents despite there being no news out of the aerial imagery company. But with its shares down close to 14% year-to-date, it seems some investors think it has fallen into bargain territory. Whilst it is certainly a high risk investment, I believe the risk/reward on offer with it makes it worth considering today.

The zipMoney Ltd (ASX: ZML) share price is up 4% to 67 cents following the release of a business update. According to the update over $53 million in transaction volume was processed on its buy now, pay later platform during April and May. Furthermore, June is on course to be a record-breaking month. As a result the company now has an annualised run-rate of $360 million. Great news from this promising company.

Missed out on these gains? Don't worry, I think these quality shares could be next in line to deliver outsized returns.

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of Nearmap Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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