MENU

Why these 4 ASX shares have ended the week with strong gains

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to push higher ahead of the Christmas break. In early afternoon trade the index is up 0.3% to 6,078 points.

Four shares that have climbed more than most today are listed below. Here’s why they are ending the week with strong gains:

The Bubs Australia Ltd (ASX: BUB) share price is up 6% to 75 cents after announcing that it has completed the acquisition of NuLac Foods Ltd. The acquisition is part of the company’s aim of becoming a vertically integrated infant formula company with control over all parts of its supply chain.

The Queensland Bauxite Ltd (ASX: QBL) share price has jumped 14% to 5.7 cents after signing an agreement with Algae Tec Ltd (ASX: AEB) to exclusively license Medical Cannabis’ low THC Delta 9 cultivars from its unique Australian Cannabis seed bank.

The Retail Food Group Limited (ASX: RFG) share price has continued its recovery and is up 9% to $2.34. I wouldn’t get overly excited about this recent rally higher, I suspect it has been caused by short covering. Retail Food Group has been one of the most shorted shares on the ASX all year.

The Yojee Ltd (ASX: YOJ) share price is 6% higher at 28 cents following the release of a business update. According to the release, last mile deliveries on Yojee’s Singapore network have grown almost 700% over the last six months. Despite the rapid increase in deliveries the company’s performance standards have been maintained.

Missed these gains? Then consider adding these disruptors into your portfolio in 2018. I'm tipping them to beat the market.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Retail Food Group Limited. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!