MENU

Why these 4 ASX shares surged higher today

The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to put its soft start to the week behind it and is up a solid 0.6% to 5,982 points in afternoon trade.

Four shares climbing notably higher today are listed below. Here’s why they have surged higher:

The Auscann Group Holdings Ltd (ASX: AC8) share price is up 13.5% to 77.2 cents after the medicinal cannabis company advised that its partner Tasmanian Alkaloids has been granted a manufacturing licence. This means AusCann is the only ASX-listed entity to hold all the required licences in Australia to cultivate, harvest, manufacture, and distribute final dose form cannabinoid medicines.

The Bioxyne Ltd (ASX: BXN) share price has rocketed an incredible 68% to 7.9 cents after announcing the launch of three health and wellness products for the Asia market. One product is a dairy-based nutritional health drink for the whole family which includes an immune boosting probiotic and a range of key vitamins. The company appears to be looking to capitalise on the strong demand for New Zealand made produce in the Asia market.

The Corporate Travel Management Ltd (ASX: CTD) share price has continued its strong run and is up a further 4% to $21.81. The travel company was given a lift yesterday when Morgans upgraded its shares to an add rating with a $23.00 price target following a recent sell-off. While it is coming close to this target now, I still think it could be a good addition to most portfolios.

The Wattle Health Australia Ltd (ASX: WHA) share price is up 9% to $1.69 after it advised of a distribution agreement with Australian Pharmaceutical Industries Ltd (ASX: API) for its infant formula product. Management believes that the agreement will increase brand awareness and the credibility of the Wattle Health brand.

Finally, if you missed Wattle Health and the infant formula boom then you'll not want to miss this next boom which could be many, many times bigger.

Bill Gates Says This Could Be Worth "10 Microsofts"

If You Missed Investing In Microsoft in 1996 - Read This

I can't believe so many investors haven't heard about something Microsoft founder Bill Gates told a group of college students in 2004.

This could be your chance to get in on the ground floor!

Click here to discover more!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Corporate Travel Management Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.