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5 companies soaring on the ASX today

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.

 

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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.

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