5 companies soaring on the ASX today

All Ordinaries closes down 1.4% but these 5 companies saw their share prices jump

| 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

The All Ordinaries (Index: ^AORD) (ASX: XAO) fell 1.4% today to 5,201.50, its third consecutive fall, and ended the week lower than where it started.

Volatility remains ever-present, with some companies seeing their share prices plunge one day, only to recover all of fall on the next.

These five will be hoping that doesn't happen on Monday, after posting solid gains today…

Martin Aircraft Company Ltd (ASX: MJP) saw its share price soar 10.2% to $0.97. Shares in the personal jetpack manufacturer have gained 86% in the past three months, but can be highly volatile. Shares soared as high as $3.15 earlier this year before sanity set in. Martin has recently signed a deal with the Dubai Civil Defence, which could see 20 Jetpacks and 2 simulators delivered initially.

Airxpanders Inc (ASX: AXP) share price gained 8.5% to $0.89, despite no news announcements. The company has developed Aeroform, used in breast reconstruction following a mastectomy, rather than the usual silicone implants or saline injections. Airxpanders is seeking US FDA approval for Aeroform.

Superloop Ltd's (ASX: SLC) share price also added 8.5% to $2.30 after the fibre optic business announced that it was building 110km of fibre-optic infrastructure across Hong Kong. Superloop recently raised capital from institutional investors via a capital raising at $1.90 per share.

Beadell Resources Ltd (ASX: BDR) share price gained 7.7% to $0.14 and Regis Resources Limited (ASX: RRL) share price gained 6.2% to $1.96 after gold prices gained 0.9% overnight to reach US$1,063 an ounce. More gains could be on the way according to some commentators, with fears over the US economy, and what will happen when the US central bank eventually raises interest rates this month.


Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

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

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 »