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

The Galaxy Resources Limited (ASX:GXY) share price is one of four ending the week with a bang. Here's what you need to know…

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The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is having a strong finish to the week. In afternoon trade the benchmark index is up 0.7% to 5,693 points.

Four shares ending the week with especially strong gains are listed below. Here's why they are ending the week with a bang:

The Galaxy Resources Limited (ASX: GXY) share price has continued its strong run and is up a further 3.5% to $3.17. This latest gain means that the lithium miner's shares have risen over 58% in just three months. Investors appear confident that Galaxy is in a strong position to profit from the burgeoning electric vehicle market.

The Netcomm Wireless Ltd (ASX: NTC) share price has jumped 12% to $1.21 despite there being no news out of the broadband technology company. But as I pointed out yesterday when its shares fell to a 52-week low, its shares did look reasonably good value consider management's outlook for FY 2018.

The Pilbara Minerals Ltd (ASX: PLS) share price has stormed 8% higher to 77 cents. The lithium miner's shares have been on a tear since it announced a binding agreement with China-based Great Wall Motor Company for Stage 2 off-take from its flagship Pilgangoora Lithium-Tantalum Project in Western Australia. Its shares have almost doubled in value in a month.

The Pioneer Credit Ltd (ASX: PNC) share price is up 3.5% to $2.64 after the financial services company provided a positive trading update. As a result of its strong performance thus far, management expects earnings to increase 48% in FY 2018. With growth like that, Pioneer could be worth a closer look.

Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. 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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