To The Moon

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,788.10 on Friday, up 0.19% in the past 5 days. 

1. $RED 5 LTD(RED.AU)$ +11.69%

• Red 5 Limited is an Australian gold producer that operates the Darlot and King of the Hills (KOTH) gold mines.

• RED stock rose 11.69% this week primarily due to record-high gold prices, reaching $2,418 per ounce, and strong quarterly performance by Red 5 Limited.

• The company's consistent gold production from its King of the Hills project and potential to meet upper end of full-year production targets boosted investor confidence.

• The updates show that gold production exceeds 50,000 ounces from its King of the Hills project for the fourth consecutive quarter.

2. $LIFE360 INC-CDI(360.AU)$ +11.61%

• Life360 rose 11.61% this week mainly on the news of the addition of almost 5 million new users and 96,000 paying customers in Q1.

• This surge in user growth, coupled with strategic measures like staff cuts and price increases for premium membership, contributed to investor optimism about the company's future revenue potential.

3. $WHITEHAVEN COAL LTD(WHC.AU)$ +9.87%

• Whitehaven Coal completes acquisition of Blackwater and Daunia mines last week.

• Analyst from Macquarie gave positive commentary regarding the completion of Whitehaven's acquisition and gave "outperform" rating and price target of A$9.

• This acquisition significantly increases Whitehaven's exposure to metallurgical coal, with expected benefits including a 120% increase in met coal production and a 190% increase in EBITDA for the company.

4. $GOLD ROAD RESOURCES LTD(GOR.AU)$ +8.98%

• Gold Road is a mid-tier Australian gold producer and explorer with a Tier 1 mine and exploration projects.

• GOR stock rose this week amid record-high gold prices, which reached $2,418 on Friday. Gold, considered a safe-haven asset, was on track for its fourth consecutive week of gains.

• The company also has lower-than-average P/E ratio of 15.6x compared to the market norm. Despite market challenges, Gold Road Resources has shown strong earnings growth.

5. $LIONTOWN RESOURCES LTD(LTR.AU)$ +8.82%

• Liontown is an ASX100 company with a focus on battery minerals.

• The stock rose 8.82% this week following a bullish outlook from ASX broker Bell Potter.

• Bell Potter reaffirmed a 'speculative buy' rating on Liontown after the company secured a $550 million funding facility. This funding supported Liontown's Kathleen Valley Lithium Project, with Bell Potter raising its 12-month share price target to $1.90.