Why APM, Firefinch, Rio Tinto, and Soul Patts shares are charging higher today

These ASX shares are on form on Monday…

| More on:
Green arrow with green stock prices symbolising a rising share price.

Image source: Getty Images

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 (ASX: XJO) is on course to start the week with a solid gain. At the time of writing, the benchmark index is up 0.45% to 7,436.8 points.

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

APM Human Services International Ltd (ASX: APM)

The APM Human Services share price is up 3.5% to $2.94. Investors have been buying this human services provider's shares after it announced new contract wins. According to the release, APM has been awarded 44 Workforce Australia contracts across 27 employment regions in Australia.

Firefinch Ltd (ASX: FFX)

The Firefinch share price is up 2.5% to 96.8 cents. This morning the gold and lithium explorer announced that the final conditions have been met regarding Jiangxi Ganfeng Lithium Co's investment into its Goulamina Lithium Project. The 50:50 joint venture will benefit from a total debt and equity funding package of at least US$170 million.

Rio Tinto Limited (ASX: RIO)

The Rio Tinto share price is up 2% to $119.23. This appears to have been driven by a broker note out of UBS this morning. According to the note, the broker has taken its sell rating off the mining giant's shares and upgraded them to neutral. UBS made the move after increasing its iron ore price forecasts.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

The Soul Patts share price is up 3.5% to $28.59. Investors have been buying this investment company's shares after they were the subject of a positive broker note out of Morgans. According to the note, the broker has upgraded Soul Patts' shares to an add rating with a $30.60 price target. It made the move largely on valuation grounds following recent weakness in its share price.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

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

Here are the top 10 ASX 200 shares today

It was a disappointing end to the trading week for investors this Friday.

Read more »

A young boy points and smiles as he eats fried chicken.
Share Gainers

3 ASX All Ords shares smashing the benchmark this week

Investors are sending these three ASX All Ords shares rocketing 18% to more than 29% this week. But why?

Read more »

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

Why Alliance Aviation, BHP, Boss Energy, and Orthocell shares are racing higher

These shares are ending the week on a positive note. But why?

Read more »

Man with backpack spreading his arms out and soaking in the sun.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a disappointing session for investors today.

Read more »

Hands reaching high for a trophy with a sunset in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a nervous hump day session for ASX investors today.

Read more »

Woman with an amazed expression has her hands and arms out with a laptop in front of her.
Share Gainers

Why Collins Foods, DroneShield, Star Entertainment, and Virgin Australia shares are charging higher

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

Read more »

Ten smiling business people wave to the camera after receiving some winning company news.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors enjoyed a strong recovery day this Tuesday.

Read more »

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today
Share Gainers

CBA shares hit another all-time high. Can they surpass $200 in 2025?

CBA shares have a tailwind pushing up their price that has nothing directly to do with the bank's business performance.

Read more »