Why these 4 ASX shares are ending the week with a BANG

Atlas Iron Limited (ASX:AGO) is one of four ASX shares which have rocketed significantly higher today. Here's why…

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In early afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course for another day of gains thanks to strong performances in the telecommunications and industrials sectors. At present the index is higher by 0.1% to 5,757 points.

Four shares which have really caught the eye today with big gains are as follows:

Atlas Iron Limited (ASX: AGO) shares are up 22% to 3.3 cents after the iron ore producer announced that it made a debt repayment of $54 million at the end of the December quarter. As a result management believes the miner is on course to be in a net cash position by the middle of the year. Just as long as iron ore prices remain favourable.

Paladin Energy Ltd (ASX: PDN) shares have rocketed 16% to 10.2 cents despite there being no news out of the uranium production company. Today's gain means its shares have now risen over 43% in the last month. Although things may appear to be improving, I would suggest investors avoid the miner until the ongoing issues with Électricité de France are fully resolved.

Prima BioMed Limited (ASX: PRR) shares have jumped almost 9% to 3.8 cents after the leading immuno-oncology company announced a new collaboration agreement with Japan's CYTLIMIC. The partnership will test a cancer peptide vaccine in combination with Prima BioMed's IMP321 cancer drug. Whilst it is still a little early for an investment, it is worth keeping a close eye on its development in my opinion.

WINHA COMM FPO (ASX: WQW) shares have rocketed 30% to 64 cents. Remarkably this means the specialist food and drink retailer to the Chinese middle class has risen over 82% since listing on the ASX on Wednesday. I think WINHA is a very interesting company with a lot of potential, but I would suggest investors refrain from buying its shares until it has a few solid quarters of growth under its belt.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. 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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