The Motley Fool

Here’s why these 4 ASX shares started the week with BIG gains

It hasn’t been the best start to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the index is lower by 0.4% to 5,777 points with almost all sectors in the red.

But that hasn’t stopped the four shares listed below from bolting higher. Here’s why they have started the week strongly:

The Kidman Resources Ltd (ASX: KDR) share price is up 9% to 43.5 cents after the lithium miner announced plans to acquire lithium rights through an earn-in agreement with Western Areas Ltd (ASX: WSA). The agreement stretches to 19 of Western Areas’ tenements within the greenstone belt that hosts Kidman’s world-class Earl Grey lithium deposit.

The Liquefied Natural Gas Ltd (ASX: LNG) share price has climbed 5% to 70.5 cents after announcing that Transport Canada has completed its Bear Head TERMPOL review. Although a voluntary review, it is an important step for the company to take to unlock its LNG opportunity in the region.

The Pro Medicus Limited (ASX: PME) share price has jumped almost 10% to $5.34 after the healthcare imaging company announced an on-market buyback of its shares. On April 1 the company will commence buying up to 10% of the ordinary shares on issue during the last 12 months.

The Primary Health Care Limited (ASX: PRY) share price is up 4% to $3.42 despite there being no news out of the healthcare company. But with its shares down by over 16% since the turn of the year, it would appear as though some investors think it has fallen into bargain territory. I’m not convinced and would suggest investors hold off an investment until there has been a notable improvement in its performance.

These 3 stocks could be the next big movers in 2020

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

*Returns as of 6/8/2020

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.

Related Articles...

Latest posts by James Mickleboro (see all)