MENU

Why these 4 ASX shares started the week with a bang

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back strongly from its early decline and is up 0.4% to 5,810 points in afternoon trade.

Four shares that are climbing more than most are listed below. Here’s why they have started the week with a bang:

The Atlas Iron Limited (ASX: AGO) share price is up a massive 42% to 2.7 cents after announcing that it has entered into a binding scheme implementation deed with Mineral Resources Limited (ASX: MIN) in relation to a combination of the two companies. According to the release, Atlas shareholders will receive 1 new Mineral Resources share for every 571 Atlas shares held on the record date.

The Blue Sky Alternative Investments Ltd (ASX: BLA) share price has climbed 6% to $6.04. Like Friday, Blue Sky’s shares were down sharply initially but have rebounded strongly. The market appears to have responded positively to a letter to shareholders released this morning and further insider buying from directors. According to the release, Elaine Stead picked up approximately $50,000 worth of shares on market on Friday.

The Fastbrick Robotics Ltd (ASX: FBR) share price has zoomed 14% higher to 16.5 cents after the robotics company updated the market on its Hadrian X bricklaying robot. According to the release, everything is going to plan and the company expects to be field testing the technology outdoors by the final quarter of 2018. That field test will see it build a 3-bedroom and 2-bathroom structure known as Build1.

The Macquarie Atlas Roads Limited (ASX: MQA) share price has climbed 4% to $5.87. This morning the toll road company announced plans to internalise management away from Macquarie. Part of the move will see the company drop the Macquarie name and rebrand as Atlas Arteria and change its ASX ticker code to ALX. This isn’t expected to occur until mid-2019.

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 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 Scott Phillips.

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!