These small cap ASX shares are on the rise on Monday

The Australian share market may have dropped notably lower again on Monday but not all shares have fallen into the red.

Three shares at the small end of the market that have started the week on a positive note are listed below. Here’s why they are on the rise:

The Baby Bunting Group Ltd (ASX: BBN) share price has jumped 12.5% higher to $2.23 on the day of its annual general meeting. Ahead of the meeting the baby products retailer provided a trading update which revealed that sales have been growing strongly so far in FY 2019. Total sales have grown 17% year to date on the prior corresponding period thanks to an impressive 9.6% increase in comparable store sales. As a result of its strong start, management has lifted its EBITDA guidance slightly to the range of $25 million to $27 million. This will be year on year growth of between 34% and 45%.

The iSentia Group Ltd (ASX: ISD) share price has climbed over 5% to 29.5 cents. This morning the media intelligence company provided an update on its Copyright Tribunal Proceedings. According to the release, an interim licence will apply from December 2018 for a period of three months and the Tribunal will then review the position with a view to establishing a further interim licence. Based on the information currently available to the company, there is no change to its previously advised FY 2019 guidance.

The SKY and Space Global Ltd (ASX: SAS) share price has pushed 5% higher to 6.6 cents. Late last week the satellite company’s shares raced higher after revealing that it has signed binding memorandum of understanding (MoU) agreements with Brazilian internet and communications providers, Inovsat Telecom and AltaRede Corporation. The agreements will test how the company’s proprietary connectivity network can be incorporated into Inovsat and AltaRede’s offering in order to increase reliability and affordability. The SKY and Space Global management team appears confident that the MoUs will be transformed into definitive agreements with commercial terms following the launch of the first batch of its Pearls nanosatellites in 2019.

Missed these gains and like small cap shares? Then check out these hot stocks that could be the next to shine.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended iSentia Group Ltd. 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.

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