MENU

These 3 ASX small caps zoomed higher today

While the Afterpay Touch Group Ltd (ASX: APT) share price performance will take all the headlines after its 24% gain on Thursday, it wasn’t the only share surging higher.

Three shares at the small end of the market posting strong gains today are listed below. Here’s why they are on the rise:

The Firstwave Cloud Technology Ltd (ASX: FCT) share price rose 11.5% on Thursday to 29 cents. This morning the cloud security technology company announced that it has signed a software original equipment manufacturer (OEM) development and license agreement with global tech giant Cisco Systems. The agreement offers Cisco global customers FirstWave’s unique cloud service orchestration platform for differentiated email, next generation firewall, and web security. While it is still a little too soon to invest for me, I think that this new deal could make Firstwave Cloud Technology worth a closer look.

The Osprey Medical Inc (ASX: OSP) share price surged 33% higher today to 20 cents. The medical device company’s shares surged higher after it reported its fifteenth consecutive quarter of revenue growth for its dye saving technologies. According to the release, Osprey sold 1,955 units of its consumable products during the quarter, up 28% over the first quarter. This led to quarterly revenue of $651,000, up 23% quarter-on-quarter. I’ve been impressed with its growth and have Osprey Medical on my watchlist now.

The Swift Networks Group Ltd (ASX: SW1) share price finished the day 21.5% higher at 48 cents after the communications, content, and advertising solutions provider advised that it has won multiple contracts to provide its award-winning suite of entertainment and connectivity services to new and existing resources sites across Australia. A total of 1,336 new rooms have been added from these contract wins with companies including Iluka Resources Limited (ASX: ILU) and NT Link. I think Swift Networks is one of the more promising small cap shares on the ASX.

Missed these gains? Then don't miss out on these mid cap growth stars.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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 Scott Phillips.

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.