MENU

Why these 4 ASX shares are ending the week on a high

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given back its morning gains and looks set to finish the day lower. At the time of writing the benchmark index is down slightly to 6,265.6 points.

Four shares that have defied the market and pushed higher are listed below. Here’s why they are ending the week on a high:

The Freedom Foods Group Ltd (ASX: FNP) share price has rebounded strongly from yesterday’s decline and is up 5.5% to $6.27. Today’s rise is likely to be attributable to a broker note out of Citi which saw the broker retain its buy rating and lift its price target to $6.90. Citi believes that Freedom Foods is a good long-term investment option and I would agree.

The Liquefied Natural Gas Ltd (ASX: LNG) share price has surged 8.5% higher to 59.7 cents. The liquefied natural gas company’s shares appear to have been given a boost by news that two of its directors have been buying shares. Its chairman picked up 100,000 ADRs, which equates to 400,000 ordinary shares, and its CEO bought 150,000 ordinary shares at 56 cents per share yesterday.

The MGC Pharmaceuticals Ltd (ASX: MXC) share price has stormed almost 13% higher to 7.1 cents after the diversified cannabis company announced the receipt of its Good Manufacturing Practice (GMP) certification and formal manufacturing licence. This will allow the company to produce GMP grade medical cannabis medicines containing THC and CBD active pharmaceutical ingredients at its European production and compounding facility.

The Praemium Ltd (ASX: PPS) share price has continued its strong run and is up a further 6% to $1.04. On Thursday the fintech company’s shares surged higher after its funds under administration update revealed record annual gross inflows of $3 billion in FY 2018. This meant that its funds under administration climbed 35% on last year to $8.3 billion. The strong growth was driven partly by key client wins including Morgan Stanley Wealth Management, Mashreq Bank, and CMC Markets.

Missed these gains? Then don't miss the ASX small cap up 285% and showing no sign of stopping...

One Australian company has developed a state of the art device that's revolutionizing hospitals all over the world. Even better, this device is so profitable that the company rakes in 90% margins. That's a lot of cash. So no wonder the stock's up 285% since 2008 – with no signs of stopping...

To discover the name and code, simply click the link below. You'll discover our expert's #1 medical technology pick... and you can decide for yourself whether to get invested today.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Freedom Foods 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 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!