Why these 3 ASX shares are at 52-week highs

The Pushpay Holdings Ltd (ASX:PPH) share price is one of three at 52-week highs today. Here’s why…

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The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has pushed higher again today and is rapidly closing in on a new 2017 high.

In light of this, a number of shares on the local market have recorded new highs of their own this morning. Here’s why they are flying high:

The Catalyst Metals Ltd (ASX: CYL) share price reached a new 52-week high of $1.07 on Wednesday. Investors have been snapping up shares in the gold miner due to the potential of its exploration activities in the Whitelaw Gold Belt. Large-cap gold miner St Barbara Ltd (ASX: SBM) has seen enough promise in the company to recently subscribe to a $5 million placement of shares at a price of 78 cents per share. I think Catalyst will be one to watch in 2018.

The Pushpay Holdings Ltd (ASX: PPH) share price has hit a new high of $3.47 today. Investors appear to have been impressed at the progress the payment solutions company has made in the U.S. church donation market. Thanks to a combination of strong increases in customer numbers and average revenue per customer, Pushpay recently reported a 145% increase in half-year revenue to US$29.7 million. I think Pushpay is one of the best fintech shares on the market and well worth a closer look.

The Whitehaven Coal Ltd (ASX: WHC) share price has stormed to a new 52-week high of $4.16 this morning. The coal miner has benefited greatly from strong prices for the commodity as a result of improved demand in China, India, and Japan. Prices are expected to remain strong in the new year, putting Whitehaven Coal in a position to potentially deliver another strong full-year result. While I do like the coal miner, it wouldn’t be my first pick in the resources sector.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of PUSHPAY FPO NZX. 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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