Why these 4 ASX shares are storming higher today

The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given back some of its early gains but is still up 0.5% to 5,866 points in afternoon trade.

Four shares that have climbed more than most today are listed below. Here’s why they are storming higher:

The BWX Ltd (ASX: BWX) share price is up 5.5% to $3.38 despite there being no news out of the personal care products company. But as I mentioned here yesterday, its shares fell to a 52-week low of $3.18 on Monday. This meant that the shares of the company behind the Sukin skincare brand were trading at just 15x earnings. While I think this potentially puts its shares in the bargain bin, investors may want to wait for its AGM at the end of the month.

The Orocobre Limited (ASX: ORE) share price has pushed 3% higher to $3.81. The lithium miners appear to be in favour again today with gains being made by many in the industry. However, it is worth remembering that things change very quickly in the lithium industry and these shares could easily become the worst performers on the market on Wednesday.

The Saracen Mineral Holdings Limited (ASX: SAR) share price has climbed almost 4% to $2.20. This morning the gold miner released its latest production update which revealed record quarterly gold production of 88,940 ounces at all-in sustaining cash cost of A$993 an ounce. Management held firm with its FY 2019 production guidance of 325,000 to 345,000 ounces at an all-in sustaining cash cost of A$1,050 to $1,100 an ounce.

The Sims Metal Management Ltd (ASX: SGM) share price is up 4% to $12.57 after the scrap metal company announced that it will establish an on-market buy-back program for up to 10% of its issued capital. Management expects to launch the program after the company’s annual general meeting in November. It will remain in place for up to 12 months.

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 Atlassian.

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 and has recommended BWX 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…


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!