Buy, hold, sell: Minerals 260, 4DMedical, Karoon Energy shares

S&P/ASX 200 Index (ASX: XJO) shares are down 0.1% to 8,676.8 points on Thursday.

Today marks the eighth consecutive day of falls for the Australian share market amid no signs of progress in the Middle East.

Investors are also still digesting yesterday’s news that annual inflation increased up from 3.7% in February to 4.6% in March.

The spike was largely due to the war in Iran and a 33% monthly increase in automotive fuel prices. 

Meanwhile on the The Bull this week, two experts have shared their latest ratings and opinions on three ASX shares.

Let’s check them out.

Minerals 260 Ltd (ASX: MI6)

The Minerals 260 share price is 72 cents, down 3.7% today but up a staggering 455% over 12 months.

Jonathan Tacadena from MPC Markets thinks there is more growth ahead for this ASX mining share. 

Tacadena said:

This miner recently signed a $220 million strategic funding agreement with gold royalty company Franco-Nevada Corporation to accelerate and de-risk the development of its 4.5 million ounce Bullabulling Gold project in Western Australia.

The agreement puts MI6 firmly in the developer category of gold companies.

With a maiden ore reserve and an updated mineral resource estimate due in mid 2026, we like the chances of a re-rating for MI6.

4DMedical Ltd (ASX: 4DX)

The 4DMedical share price is $4.19, down 1.2% today.

This ASX 200 healthcare share has leapfrogged 1,210% over 12 months.

Stuart Bromley from Medallion Financial Group says it’s best to simply sit on this stock for now.

Bromley said:

4DX is a respiratory imaging technology company, with a strong regulatory moat in the United States.

In a relatively short time since the US Food and Drug Administration approved its CT:VQ product, US hospitals are adopting it, including the highly renowned Mayo Clinic.

Also, 4DX has been included in the S&P/ASX200 Index, which should generate more interest in the company.

Being in the ASX 200 means fundies managing popular index-tracking exchange-traded funds (ETFs) are consistently buying the stock.

Karoon Energy Ltd (ASX: KAR)

The Karoon Energy share price is $2.15, up 0.2% today and up 38% in the year to date (YTD).

Soaring oil and gas prices due to the Iran war have led to significant recent share price growth for this oil and gas explorer.

Karoon Energy shares have ripped from $1.54 on 27 February, just before the war began, to $2.15 today — an increase of 40%.

Bromley says ordinary investors should follow Medallion’s lead and take profits on this ASX energy share. 

He said:

In our view, Karoon has benefited from increasing crude oil prices since the conflict in the Middle East started on February 28.

We believe these sorts of opportunities should be taken and we have locked in profits on Karoon.

Bromley pointed out that Karoon Energy reported a 19% fall in revenue, along with a 2% decline in net profit after tax (NPAT), for FY25.

The analyst also recommends that investors take profits on another ASX energy share — find out which one here.

The post Buy, hold, sell: Minerals 260, 4DMedical, Karoon Energy shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.