Why Pilbara Minerals, Super Retail, Syrah, & Volpara shares stormed higher today

The Pilbara Minerals Ltd (ASX:PLS) share price and the Volpara Health Technologies Ltd (ASX:VHT) share price are two of four storming higher on Friday. Here's why…

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In afternoon trade the S&P/ASX 200 index is on course to finish the day higher. At the time of writing the benchmark index is up 0.3% to 6,195.7 points.

Four shares that are climbing more than most on Friday are listed below. Here's why they are ending the week with a bang:

The Pilbara Minerals Ltd (ASX: PLS) share price is up a further 2% to 82 cents on Friday. The lithium miner's shares were up as much as 10% in early trade before fading this afternoon. Investors have been fighting to get hold of its shares following a series of positive announcements. These include the achievement of commercial production at its Pilgangoora project, the commencement of its partnering process to interconnect uncommitted Stage 3 offtake, and the potential sale of a minority interest of between 20% to 49% in the project.

The Super Retail Group Ltd (ASX: SUL) share price has pushed 5% higher to $8.00 despite there being no news out of the retail group. This latest gain means that Super Retail's shares have surged 17% higher since the start of the year. The catalyst for this was a strong half year result and positive guidance for the remainder of the financial year.

The Syrah Resources Ltd (ASX: SYR) share price has climbed 3.5% to $1.11 after the graphite miner provided an update on its mineral resource and ore reserves at the Balama project. Although it was a reasonably mixed update, one positive was that the mineral resource estimate for the Balama operation has been upgraded by 19% to 1,423Mt at an average grade of 10% total graphitic carbon

The Volpara Health Technologies Ltd (ASX: VHT) share price has rocketed 11% higher to $1.39. Today's gain appears to be related to a late announced on Thursday which revealed that the United States Food and Drug Administration has released a proposal to amend the Mammography Quality Standards Act to include a requirement that all US screening facilities provide information on breast density to women and their healthcare providers after a mammogram. This is expected to lead to an increased commercial opportunity for its Volpara Density clinical application.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended VOLPARA FPO NZ. The Motley Fool Australia owns shares of Super Retail 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.

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