In afternoon trade the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has rebounded from its early declines and pushed higher. At the time of writing the index is up 0.15% to 6,104.1 points.
Four shares that are climbing more than most today are listed below. Here’s why they have started the week strongly:
The Argosy Minerals Limited (ASX: AGY) share price is up over 6% to 25 cents after the lithium-focused mineral exploration company announced that it has had the gas switched on at long last at its Rincon project in Argentina. The lack of gas supply meant that the company was unable to do the washing process with its lithium earlier this month. As this strips away impurities, the process could lead to an upgrade to the grade of its lithium.
The AVZ Minerals Ltd (ASX: AVZ) share price has climbed 5.5% to 9.4 cents after the embattled mineral exploration company released further drilling results from its Manono lithium project in the Democratic Republic of the Congo. Whilst the drilling results were once again very positive and indicate a lucrative resource underground, there are still a lot of questions over how the company would be able to get its lithium to customers from Manono.
The Money3 Corporation Limited (ASX: MNY) share price has climbed over 4% to $1.99 after being the subject of a positive broker note out of Hartleys. According to the note, the broker has placed a buy rating and price target of $2.14 on the financial services company’s shares. The broker appears pleased to see Money3 expecting to hit the upper end of its guidance range. I would agree with Hartleys and suggest investors take a closer look.
The Zip Co Ltd (ASX: Z1P) share price has zoomed 3% higher to 82.5 cents after the fintech company announced that it has partnered with Wesfarmers Ltd (ASX: WES) operated Officeworks. According to the release, the partnership with Officeworks will allow its customers to make interest free payments using Zip’s digital account.
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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 and has recommended Wesfarmers 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 Scott Phillips.