These small cap ASX shares are on the rise on Monday

The LiveHire Ltd (ASX:LVH) share price is one of three on the rise at the small end of the market on Monday. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

After a weak start to the day the Australian share market has bounced back and pushed into positive territory in afternoon trade.

Three small cap shares that have caught the eye today with solid gains are listed below. Here's why they are on the rise on Monday:

The Bidenergy Ltd (ASX: BID) share price has climbed over 3.5% to $1.03 after the energy spend management platform provider announced that it has entered into a five year agreement with the Australian division of Cushman and Wakefield. The agreement will see Bidenergy provide end to end energy spend lifecycle management services for the supply of electricity and natural gas, water and council rates to its customers. Upon completion of on-boarding, this agreement will add approximately 10,500 meters to the company's meters under management. This will bring its total meters under management to 33,000.

The LiveHire Ltd (ASX: LVH) share price has surged 9.5% higher to 51.5 cents after the talent technology company announced that it has secured an enterprise agreement with one of Australia's leading energy infrastructure and distribution organisations, Jemena. LiveHire will host the Talent Community for the entire Jemena organisation, providing it with an end to end talent acquisition and engagement platform. Management advised that the enterprise agreement represents annualised recurring revenue (ARR) of more than twice the current average ARR across its clients.

The Nuheara Ltd (ASX: NUH) share price has pushed 3% higher to 7.1 cents after the smart personal hearing devices provider announced a retail partnership with Specsavers Optical Group in the United Kingdom. The partnership will see Nuheara's range of smart hearing buds trialled in the Sussex Specsavers store with a view to increased roll-out over 2019. With nearly 2,000 stores globally, this partnership could be lucrative for the company if the trial is a success.

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

More on Share Gainers

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Healthco Healthcare, Medadvisor, Ramsay Health Care, and Tamboran shares are rising

These shares are having a strong session. But why?

Read more »

drug capsule opening up to reveal dollar signs signifying rising asx share price
Share Gainers

If you invested $6,000 in Mesoblast shares a month ago you'd have $15,636 now!

Mesoblast shares have been on a tear this past month. But why?

Read more »

Smiling man working on his laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

It was back to the races for ASX shares today, in a confident start to the week.

Read more »

rising gold share price represented by a green arrow on piles of gold block
Share Gainers

Here are the top 10 ASX 200 shares today

It was a horrible way to end the trading week today for ASX investors.

Read more »

Female miner smiling at a mine site.
Share Gainers

Up 834% in a year, guess which ASX mining stock is hitting new all-time highs today

The ASX mining stock has gone from strength to strength over the past year.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Fiducian Group, Northern Star, Paradigm, and Santos shares are charging higher

These shares are avoiding the market sell-off.

Read more »

Man pointing at a blue rising share price graph.
Financial Shares

How is this ASX 200 financial stock popping 6% today?

This lucky company has just swung into the green in 2024...

Read more »

a man raises his fists to the air in joyous celebration while learning some exciting good news via his computer screen in an office setting.
Share Gainers

Why BHP, Challenger, Rio Tinto, and Telix shares are pushing higher today

These ASX shares are having a strong session. But why?

Read more »