The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has continued its solid run and is almost 0.2% higher at 6,140 points in afternoon trade.
Four shares lifting more than most today are listed below. Here's why they have stormed higher:
The Galaxy Resources Limited (ASX: GXY) share price is up 3.5% to $4.42. Once again the lithium miners are surging higher as investors continue to fight to get exposure to the boom being caused by ever-increasing demand for lithium from electric vehicle battery manufacturers. I expect Galaxy to next update the market on its recent quarterly production at the end of the month.
The Livetiles Ltd (ASX: LVT) share price has jumped 7% to 44.5 cents after announcing a strategic partnership with the Clean Energy Smart Manufacturing Innovation Institute. The partnership will focus on promoting efficiency, growth, and competitiveness in the US$2.2 trillion US manufacturing industry using LiveTiles' artificial intelligence technology.
The Noni B Limited (ASX: NBL) share price is up 5% to $2.00 after the retailer provided the market with a trading update. According to the update, Noni B has had a strong first-half to the year and expects half-year EBITDA to increase 50% on the prior corresponding period. I'm a big fan of Noni B and think it is one of the best retail shares on the local market.
The Sims Metal Management Ltd (ASX: SGM) share price is 3% higher to $17.38. Today's gain appears to be related to a positive note out of Goldman Sachs which revealed that the broker has reiterated its conviction buy rating and $17.74 target price on the scrap metal company. Goldman has taken this action after US data pointed to strong ferrous scrap metal exports.
