The Motley Fool

4 stocks soaring more than 12% on the ASX today

The S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) has fallen 0.1% in mid-afternoon trading, although we could be heading for a positive close, with shares recovering from lows earlier.

Here are four stocks that are soaring today…

Redflow Limited (ASX: RFX) has seen its shares soar more than 20% to 32 cents in trading so far today, after announcing that it had conducted successful trials with its prototype large scale energy storage system. The company, which develops zinc-bromide batteries, says that despite no marketing it is already in early discussions with potential customers. Back in July, my colleague Claude Walker mentioned Redflow as a ‘compelling stock’.

Shares in oil and gas producer AWE Limited (ASX: AWE) have climbed 16% to $1.95, after the company announced the discovery of what could be Western Australia’s largest onshore gas discovery since the 1960s. With its partner Origin Energy Limited (ASX: ORG), AWE says its Senecio-3 well found gas deeper down, and together with the new Waitsia field, could potentially hold as much as 1.17 trillion cubic feet of gas.

OrotonGroup Limited (ASX: ORL) appears to have shrugged off the loss of its Ralph Lauren contract in July last year, with a 16% jump in net profit after tax for the 2014 financial year. The fashion label says this financial year will be a year of transformation as it moves ahead with three major brands under its bonnet, Oroton, GAP and Brooks Brothers. Shares in OrotonGroup surged 12.6% to $4.11 in mid-afternoon trading, and you can read more on the result here.

iProperty Group Ltd (ASX: IPP) has seen its shares rocket up 12.4% to $2.99, despite no official news from the company. Mind you, shares in the real estate portals company dropped 8% yesterday, again on no news. While iProperty has yet to report a profit, revenues and earnings before interest, tax, depreciation and amortisation (EBITDA) are growing strongly, while its Hong Kong business recently reached profitability.

Dear bank shareholders: It's over

Commonwealth Bank, Westpac, NAB and ANZ have all traded at eye-watering valuations… which could mean a hard fall for bank shareholders, and it may have already started! Get the inside scoop on YOUR bank shares in The Motley Fool's investment report, "What Every Bank Shareholder Must Know". It's FREE and completely updated with new information! Click here, enter your email address, and we'll send you this MUST READ report right away!

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

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now