After a solid start to the day the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has faded in early afternoon trade and is flat at 5,919 points.
Four shares doing their bit and trying to push the market higher today are listed below. Here's why they have stormed higher:
The Auscann Group Holdings Ltd (ASX: AC8) share price has rocketed 21% to 51.5 cents. Investors have been fighting to get hold of shares of many of Australia's leading pot stocks this week following recent changes to legislation which could mean they are generating revenues sooner-than-expected.
The Big Un Ltd (ASX: BIG) share price has surged almost 8% higher to $2.80 after announcing a first-quarter cash profit of $5.6 million from operating activities. This profit was driven by an impressive 488% increase in cash receipts to $15 million as a result of its expansion in the United States and strong demand from existing customers. I think this video technology company is one of the most exciting tech shares on the market right now.
The Smart Parking Ltd (ASX: SPZ) share price is up almost 14% to 24.5 cents following the release of its quarterly update. According to the release, the car parking technology company delivered operating cash flows of $1 million, up $0.7 million on the prior quarter. Cash receipts in the first-quarter rose to $7.4 million, compared to $6.5 million in the fourth-quarter of FY 2017.
The Woolworths Limited (ASX: WOW) share price is up almost 2% to $25.75 after releasing its first-quarter sales update. Investors appear to be pleased that all of the retail conglomerate's businesses posted increases in comparable store sales during the quarter. While I was impressed with its performance, I would wait to see what the company has to say at its AGM on November 23.
