Why Bubs, Comet Ridge, Oil Search, & Sheffield Resources shares charged higher

The Bubs Australia Ltd (ASX:BUB) share price and the Oil Search Limited (ASX:OSH) share price are two of four ending the week with a bang…

| 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 is off its lows but is still on course to end the week on a subdued note. At the time of writing the benchmark index is down slightly to 6,712.8 points.

Four shares that haven't let this hold them back are listed below. Here's why they are ending the week with a bang:

The Bubs Australia Ltd (ASX: BUB) share price has charged over 4% higher to $1.24. Today's gain could be attributable to a broker note out of Goldman Sachs. Although the broker did not mention Bubs, its research showed very strong growth in infant formula sales on Chinese ecommerce platforms during the month of June.

The Comet Ridge Ltd (ASX: COI) share price has risen 4.5% to 24 cents following an update on its Galilee Basin seismic project. According to the release, the interpretation of seismic data identifies regional trends and multiple new leads at the project. It also provided confirmation of a closed structure at Lake Galilee, 24km south of Albany.

The Oil Search Limited (ASX: OSH) share price has raced 4% higher to $7.44. This gain appears to have been driven by a rise in the oil price during Asian trade. According to Bloomberg, the WTI crude oil price is up 0.5% to US$60.53 a barrel and the Brent crude oil price has climbed 0.5% to US$66.89 a barrel.

The Sheffield Resources Ltd (ASX: SFX) share price has rocketed 20% higher to 55 cents on Friday. Earlier this week the bulk minerals exploration company provided an update on its world class Thunderbird mineral sands project in the north west of Western Australia. That update revealed that management has updated its ore reserve estimate by 69 million tonnes to 748 million tonnes. This confirms Thunderbird as one of the largest undeveloped zircon-rich mineral sands deposits globally.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BUBS AUST FPO. 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 Share Gainers

Man in an office celebrates at he crosses a finish line before his colleagues.
Share Gainers

4 ASX 200 shares racing ahead of the benchmark this week

ASX investors sent these four stocks soaring 12% to 18% this week. But why?

Read more »

Man pointing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why BHP, Coronado Global, EBR Systems, and Whitehaven Coal shares are pushing higher today

These shares are ending the week on a positive note. Let's find out why.

Read more »

a young woman looks happily at her phone in one hand with a selection of shopping bags in her other hand.
BNPL shares

Up 87% since April, why the Zip share price can keep flying higher into 2026

A leading fund manager expects more outsized gains from Zip shares ahead.

Read more »

Person pretends to types on laptop drawn in sand.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a miserly session for investors today.

Read more »

Happy coal miner.
Share Gainers

Up 75% this week, why is this ASX All Ords stock rocketing again today?

Investors are piling into this ASX 300 stock on Wednesday. But why?

Read more »

A young woman smiles as she rides a zip line high above the trees.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a bountiful session for investors this hump day.

Read more »

Man looking happy and excited as he looks at his mobile phone.
Share Gainers

Why Coronado, DroneShield, Lovisa, and Mayne Pharma shares are racing higher today

These shares are having a good time on hump day. But why?

Read more »

Man pointing at a blue rising share price graph.
Share Gainers

Guess which ASX 300 stock just rocketed 43% on big news!

Investors are piling into this ASX 300 stock on Wednesday. But why?

Read more »