The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given back some of its early gains and finds itself down 0.1% to 5,983 points in afternoon trade.
Four shares which have fallen more than most today are listed below. Here's why they have started the week deep in the red:
The Cann Group Ltd (ASX: CAN) share price is down 2.5% to $2.93 after it resumed trade today following its capital raising last week. The medicinal cannabis company raised $60 million via a placement of shares at $2.50 per share. Management plans to use the funds to accelerate its growth.
The G8 Education Ltd (ASX: GEM) share price has crashed 21% lower to $3.50 following the release of a disappointing trading update. Due to falling occupancy levels the childcare operator now expects EBIT to be around $160 million in FY 2017 compared to August's guidance of mid $170 million.
The Mineral Resources Limited (ASX: MIN) share price has fallen 2.5% to $19.10. A number of lithium-focused mining shares have taken a hit today as investors take profit after strong gains over the last few weeks.
The Smartgroup Corporation Ltd (ASX: SIQ) share price is down 2.5% to $9.18. Today's decline appears to be in response to the salary packaging and fleet management company being downgraded from a buy to a neutral rating by Citi on Friday.
