In early afternoon trade the S&P/ASX 200 index has bounced back from a morning in the red and has just broken higher. At the time of writing the benchmark index is up a fraction to 6,395 points.
Four shares that are climbing more than most today are listed below. Here's why they are ending the week with a bang:
The Amaysim Australia Ltd (ASX: AYS) share price has risen 6% to 73 cents after announcing an update to its wholesale agreement with Optus. According to the release, the two parties have agreed a revitalised wholesale network services agreement which will support amaysim's strategy and growth ambitions. The new agreement runs until June 30 2022 and will change the way amaysim acquires data inclusions and network services from Optus.
The Eclipx Group Ltd (ASX: ECX) share price has rocketed 30% higher to $1.13 after the release of the fleet management company's half year results. Although Eclipx reported a sizeable decline in profits, the result appears to have been better than feared. In addition to this, the company provided an update on its Simplification Plan. It will now seek to grow organically rather than through acquisitions.
The Evolution Mining Ltd (ASX: EVN) share price has charged 5% higher to $3.86 after the gold price hit a two-week high overnight. The precious metal has continued its ascent in Asian trade amid speculation that the U.S. Federal Reserve could cut rates in the near future. The spot gold price is currently up 0.3% to US$1,296.10 an ounce. This has led to the S&P/ASX All Ords Gold index surging 2.5% higher today.
The Lynas Corporation Ltd (ASX: LYC) share price has continued its stellar run and risen a further 15% to a 52-week high of $3.14. The catalyst for this latest gain was news that the Malaysian government will allow the rare earths miner to continue operating its plant in the country. This latest gain means the Lynas share price has rocketed almost 60% higher since this time last month.
