The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a disappointing end to the week and is down 1.4% to 5,704 points in afternoon trade
Four shares which have managed to defy the market and climb higher are listed below. Here's why they are ending the week with strong gains:
The Avz Minerals Ltd (ASX: AVZ) share price is up 17% to 6.2 cents following the release of positive drilling results from its Manono lithium project. According to the release, the first drill hole result revealed a high-grade lithium mineralisation is present throughout the intersection of the Roche Dure Pegmatite. Whilst it may be a little too soon to invest, I would suggest investors keep a close eye on this company.
The Bubs Australia Ltd (ASX: BUB) share price is up 7% to 32 cents despite there being no news out of the organic baby food and infant formula company. Investors appear to be increasingly impressed with recent distribution agreements made in the China market. This has driven its shares higher by a staggering 120% in the last three months.
The Fortescue Metals Group Limited (ASX: FMG) share price is up 3.5% to $5.43 thanks partly to a positive broker note out of Credit Suisse. The investment bank reiterated its buy rating and $6.50 price target on the iron ore producer's shares following a strong update yesterday. If iron ore prices remain at current levels, I think it could be a great investment.
The GetSwift Ltd (ASX: GSW) share price is up 4% to $1.08 after the logistics management software company released its second-quarter update. According to the release, GetSwift's platform handled a record 729,626 deliveries during the quarter. This was a 46% increase on the prior quarter. As I said earlier, I expect its expansion into new verticals will allow this explosive growth to continue for some time to come.
