Why Atomos, Avita Medical, Resolute, & Volpara shares surged higher today

The Resolute Mining Limited (ASX:RSG) share price and the Volpara Health Technologies Ltd (ASX:VHT) share price are two of four starting the week on a high…

| 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

The S&P/ASX 200 Index has had an impressive start to the week and is notably higher in early afternoon trade. At the time of writing the benchmark index is up 0.55% to 6,214.7 points.

Four shares climbing more than most today are listed below. Here's why they have started the week on a high:

The Atomos Ltd (ASX: AMS) share price has surged 4% higher to $1.06 after the video technology company announced the expansion of its product range with the launch of three new products targeted at the rapidly growing social, pro-video, and entertainment segments of the video market. In addition to this, Atomos announced that it has collaborated with Dolby Vision to form a license agreement focused on meeting the needs of the entertainment industry.

The Avita Medical Ltd (ASX: AVH) share price has stormed 15% higher to 37.5 cents. This morning the global regenerative medicine company announced that interim results describing clinical outcomes for paediatric patients treated using its RECELL System were presented at the American Burn Association Annual Meeting in Las Vegas. This presentation appears to have caught the eye of investors.

The Resolute Mining Limited (ASX: RSG) share price has raced 8% higher to $1.26 following the release of a strong third quarter production update this morning. According to the release, the gold miner achieved total quarterly gold production of 98,105 ounces. This was up 47% on the prior corresponding period and 33% on the December quarter. Management advised the strong quarter was driven by the high grade and above budget recoveries achieved from its new mine at Tabakoroni and solid production at its Syama operation.

The Volpara Health Technologies Ltd (ASX: VHT) share price has rocketed 18% higher to $1.71 after the healthcare technology company announced that it has beaten its FY 2019 guidance. The company finished the financial year with Annual Recurring Revenue (ARR) of NZ$6.63 million, representing year on year growth of 86%. In addition to this, management advised that Volpara's software now covers 7.1% of all women screened in the United States. Volpara was targeting 85% ARR growth and a market share of 7%.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended VOLPARA FPO NZ. 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

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Share Gainers

3 ASX All Ords shares up 50%+ in March

These ASX shares have been on fire this month. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Share Gainers

Why Mesoblast, Patriot Battery Metals, Sigma, and Zip shares are pushing higher

These shares are having a good session on hump day. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Consumer Staples & Discretionary Shares

If you'd put $20,000 in this ASX retail stock at the start of 2023, you'd have $134,000 now

This online retailer has executed a remarkable turnaround for its investors.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was back to earth for ASX shares this Tuesday.

Read more »

Two happy scientists analysing test results.
Healthcare Shares

Mesoblast share price rockets 36% on breaking FDA news

ASX investors are sending the Mesoblast share price soaring following promising FDA news.

Read more »