MENU

Why these 4 ASX shares are ending the week with strong gains

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) hasn’t been able to continue its strong run and looks set to end the year with a day in the red. In afternoon trade the benchmark index is down 0.3% to 6,069 points.

Four shares that have defied the market and pushed higher are listed below. Here’s why they are ending the week with strong gains:

The Artemis Resources Ltd (ASX: ARV) share price has climbed 10% to 28 cents after the Western Australian Government approved a significant drilling programme at its Radio Hill mine. The drilling programme has been designed to define new primary nickel, copper and cobalt mineralisation amenable to open pit mining.

The MMJ Phytotech Ltd (ASX: MMJ) share price is up 4% to 43.7 cents. This morning the pot stock announced the finalisation of its $2 million investment in Weed Me Inc. The Canadian cannabis company is targeting entry into the estimated C$8 billion Canadian medical and recreational market in 2018 as a high quality, large-scale cannabis producer.

The Orocobre Limited (ASX: ORE) share price is 2% higher at $6.95. Investors continue to snap up lithium miner shares due to the bullish forecasts for lithium demand over the next decade. This is expected to lead to high prices and bumper profit growth for many producers.

The Xero Limited (ASX: XRO) share price is up almost 2.5% to $28.58 despite there being no news out of the accounting software provider. However, with its shares almost 12% off their 52-week high, it appears as though some investors believe its shares are in bargain territory now. They could be right.

Missed these gains? Then don't miss out on these exciting shares in 2018.

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 Xero. 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!