The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a positive start to the week and is up 0.1% to 5,912 points in early afternoon trade.
Four shares which have had even stronger starts to the week are listed below. Here’s why they have started the week with strong gains:
The Avz Minerals Ltd (ASX: AVZ) share price is up 13% to 18.5 cents following the results of the initial mineral characterisation investigations at its Roche Dure Pegmatite. Those results reveal that the mean concentration of lithium carbonate is high and accompanied by a significant presence of tin. Management believes this confirms the potential for low cost production. While I think Avz is one to watch, its shares are a touch too expensive to buy in my opinion.
The Bubs Australia Ltd (ASX: BUB) share price has surged almost 30% higher to 83 cents. This morning Bubs released its latest quarterly update which showed a solid rise in sales. However, the main catalyst for today’s gain is likely to be a later announcement which revealed that its products have launched on the Chemist Warehouse Tmall Global ecommerce platform.
The Huon Aquaculture Group Ltd (ASX: HUO) share price is up 2.5% to $5.00. Today’s gain is likely to be attributable to a research note out of Goldman Sachs. According to the note, its analysts have initiated coverage on the salmon producer with a buy rating and $6.00 price target. Goldman appears to believe that Huon is about to reap the rewards of its $200 million growth program.
The Kogan.com Ltd (ASX: KGN) share price has climbed 5.5% to $4.60 following the release of its first-quarter update. The online retailer posted an impressive 35.9% increase in revenue on the prior corresponding period. Furthermore, Kogan advised that its mobile business continues to grow strongly and its new insurance business has had a positive start. While I have been impressed with its performance, I’m not a buyer of its shares due to its lofty valuation.
Missed these gains? Don't worry, these top shares could be next in line to climb higher if you ask me.
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Motley Fool contributor James Mickleboro has no position in any of the 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.