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

The Bubs Australia Ltd (ASX:BUB) share price is one of four ending the week on a high. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to make it two days of gains in a row. At the time of writing the index is up 0.45% to 5,969 points.

Four shares that have climbed more than most today are listed below. Here's why they are ending the week on a high:

The Blackham Resources Ltd (ASX: BLK) share price has continued its charge higher and is up 7.5% to 8.7 cents. On Thursday the gold miner provided the market with an update on its operations in February. That update revealed record production and an impressively low all-in sustaining cost. Investors appear to believe that Blackham has turned around its fortunes after a troubling 12 months.

The Bubs Australia Ltd (ASX: BUB) share price has climbed almost 4% to 81.5 cents. This morning it was announced that the goats milk infant formula and baby food company would be added to the All Ordinaries at the March rebalance. This could potentially bring Bubs onto the radar of fund managers. Whilst I am a fan of the company, I think investors should hold off investing until its sales catch up to its valuation.

The Cann Group Ltd (ASX: CAN) share price has risen 1% to $2.92. Although this is only a small move higher, it is significantly outperforming its medicinal cannabis peers which have fallen sharply today. The catalyst for this gain is likely to be due to its inclusion on the All Ordinaries index this month. This makes it the first medicinal cannabis company to feature on a major Australian index.

The REA Group Limited (ASX: REA) share price is up almost 2.5% to $79.80. Today's gain is likely to be attributable to a broker note out of Citi this morning. That note revealed that Citi's analysts have upgraded the property listings company to a buy rating from neutral. The broker bumped its price target up to $90.00 as well.

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

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »