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

The AVZ Minerals Ltd (ASX:AVZ) share price is one of four starting the week strongly. Here's what you need to know…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »