Why Amaysim, Evolution, Fluence, & Paradigm shares are pushing higher

The Evolution Mining Ltd (ASX:EVN) share price and the Paradigm Biopharmaceuticals Ltd (ASX:PAR) share price are two of four pushing higher on Tuesday…

| 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

The S&P/ASX 200 index is ending the year with a day in the red. In afternoon trade the benchmark index is down a sizeable 1.7% to 6,688.7 points.

Four shares that have not let that hold them back today are listed below. Here's why they are pushing higher:

The Amaysim Australia Ltd (ASX: AYS) share price is up almost 3% to 37.5 cents. The telco company's shares are pushing higher despite there being no news out of it today. However, with its shares down heavily this year, some investors may believe they are in the bargain bin. The Amaysim share price is down almost 60% since the start of the year even after today's gain.

The Evolution Mining Ltd (ASX: EVN) share price has climbed 3% to $3.82. Investors have been buying the gold miners on Tuesday after the mini market meltdown led to increasing demand for safe haven assets. It isn't only Evolution climbing higher today. The S&P/ASX All Ords Gold index is up a massive 1.9% in afternoon trade.

The Fluence Corporation Ltd (ASX: FLC) share price has pushed 3.5% higher to 42 cents. Investors have been buying Fluence's shares this week after an announcement relating to its Aspiral product. According to the release, Fluence has secured a follow-on Aspiral order from Aerospace Kaitian Environmental Technology Co with a value of more than US$3 million.

The Paradigm Biopharmaceuticals Ltd (ASX: PAR) share price is up 3% to $2.93 on no news. However, investors may believe that a recent pullback in the biopharmaceutical company's shares is a buying opportunity. Prior to today, Paradigm's shares were down 25% since this time last month. That decline appears to have been driven by profit taking after an impressive gain in 2019. Positive trial results have been behind its gains this year.

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

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Share Gainers

Why Insignia, Rio Tinto, St Barbara, and Structural Monitoring shares are rising today

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

Read more »

A boy stands firm on a rocky cliff holding a rocket in each hand and looking up toward the sky, anticipating flying into space.
Small Cap Shares

2 ASX small-cap shares rocketing 35% to 54% today

Two soaring ASX small-cap shares are setting the bar high on Friday.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Share Gainers

Why Arcadium Lithium, Bellevue Gold, Catalyst Metals, and Northern Star shares are rising today

These shares are having a good session on Thursday. But why? Let's find out.

Read more »

A group of people at a party look upwards to the camera as they celebrate the rise of ASX value shares
Share Gainers

16 ASX shares that doubled in value last year

There were multiple ASX All Ords stocks that delivered double-or-more share price growth in 2024.

Read more »

A woman blows what looks like colourful dust at the camera, indicating a positive or magic situation.
Share Gainers

Why Deterra, DroneShield, Regis Resources, and West African shares are storming higher

These shares are having a strong session on hump day. Why are investors buying them?

Read more »

A miner reacts to a positive company report mobile phone representing rising iron ore price
Resources Shares

Why this $2 billion ASX 200 mining stock is surging 7% today

ASX 200 investors are sending the $2 billion mining stock soaring on Wednesday. But why?

Read more »

rising medical asx share price represented by excited doctors dancing in ward
Healthcare Shares

Up 77% in a month! What's going on with the Mesoblast share price?

This stock has blown the lights out in recent weeks...

Read more »

A man clenches his fists in excitement as gold coins fall from the sky.
Share Gainers

Why Capricorn Metals, IDP Education, Life360, and Opthea shares are storming higher

These shares are having a good session on Tuesday. But why? Let's find out.

Read more »