The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has returned to trade following the Easter break with a slight drop lower. At the time of writing the index is down 1.5 points to 5,757 points.
Four shares climbing more than most are listed below. Here's why they have started the week with a bang:
The Newcrest Mining Limited (ASX: NCM) share price has pushed 2% higher to $19.94 after advising that processing activities at its Cadia operation have recommenced. Processing is currently at a run rate of approximately 8mtpa due to limitations in infrastructure to the southern tailings facility. Management has reiterated that it is too soon to update (downgrade) its guidance.
The Pilbara Minerals Ltd (ASX: PLS) share price is up 2% to 84.2 cents after the lithium miner advised that South Korean conglomerate POSCO has successfully completed its $80 million equity subscription through a 97 cents per share investment. The proceeds will be used towards accelerating the Stage 2 Pilgangoora expansion.
The Santos Ltd (ASX: STO) share price has jumped 17% to $5.94 after the energy company revealed that Harbour Energy has returned with an improved takeover offer of US$4.98 (A$6.50) per share. Santos has finally given in this time and granted Harbour Energy due diligence. The offer is comprised of a cash offer of US$4.70 per share and a special dividend of 28 U.S. cents. I think the offer looks reasonably fair and think believe this could be the one that gets the deal done.
The Volpara Health Technologies Ltd (ASX: VHT) share price has stormed 4% higher to 75 cents after the medical technology company advised that it has exceeded its FY 2018 guidance. According to the release, Volpara has exceeded its 200% growth in Annual Recurring Revenue (ARR) target. ARR currently stands at NZ$3.6 million, up 223% on FY 2017's rate. I think Volpara is one of the more promising shares in the healthcare sector.
