Why Imugene, Mayne Pharma, Westpac, and Wildcat shares are storming higher

These ASX shares are starting the week strongly.

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A young woman wearing overalls and a yellow t-shirt kicks one leg in the air showing excitement over the latest ASX 200 shares to hit 52-week highs

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The S&P/ASX 200 Index (ASX: XJO) has started the week positively. In afternoon trade, the benchmark index is up 0.3% to 6,998.1 points.

Four ASX shares that are rising more than most today are listed below. Here's why they are storming higher:

Imugene Limited (ASX: IMU)

The Imugene share price is up 6% to 5.1 cents. This morning, this clinical-stage immuno-oncology company reported positive early results from six patients with gastrointestinal cancers who received its novel cancer-killing virus CF33-hNIS. Management also revealed that all treatments to date have been determined safe and tolerable.

Mayne Pharma Group Ltd (ASX: MYX)

The Mayne Pharma share price is up 4% to $3.88. This has been driven by news that the pharmaceutical company has been granted a patent in the United States for its Nextstellis contraceptive. Management said: "This additional patent is meaningful as it provides the Company with an opportunity to extend women's access to this highly effective and unique oral contraceptive."

Westpac Banking Corp (ASX: WBC)

The Westpac share price is up 3% to $22.15. Investors have been buying the banking giant's shares after it released a FY 2023 result in line with expectations. In addition, the bank increased its dividend and announced a $1.5 billion on-market share buyback.

Wildcat Resources Ltd (ASX: WC8)

The Wildcat share price is up 11% to 92.5 cents. This morning, this lithium explorer released assay results from the Tabba Tabba Lithium Project in Western Australia. Management notes that the results support the "uncovering [of] a tier-1 lithium deposit at Tabba Tabba." This lithium project is in close proximity to the Pilbara Minerals Ltd (ASX: PLS) owned Pilgangoora Project and the Mineral Resources Ltd (ASX: MIN) owned Wodgina Project.

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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