In afternoon trade the S&P/ASX 200 index is on course to finish the week on a reasonably subdued note. At the time of writing the benchmark index is down around 0.1% to 6,377.9 points.
Four shares that have not let that hold them back today are listed below. Here’s why they have stormed higher on Friday:
The Bubs Australia Ltd (ASX: BUB) share price has jumped a further 8% to $1.05. The goat milk infant formula company’s shares raced higher after it announced the completion of its Australia Deloraine Dairy acquisition. Management believes this acquisition leaves Bubs well placed to advance its vision of being a leading player in the infant milk formula and infant nutritionals markets both at home and in the massive China market.
The Dicker Data Ltd (ASX: DDR) share price has raced 3.5% higher to $4.21 after the leading wholesale distributor of computer software and hardware revealed that one of its directors has been buying shares on-market. According to a change of director’s interest notice, Dicker Data’s COO, Vladimir Mitnovetski, picked up around $225,000 worth of shares through an on-market trade earlier this week.
The Navigator Global Investments Ltd (ASX: NGI) share price has zoomed 9.5% higher to $3.83 despite there being no news out of the investment company. However, with its shares trading significantly lower than their 52-week high of $6.24, some investors may believe they are currently in the bargain bin and have been snapping them up today.
The Saracen Mineral Holdings Limited (ASX: SAR) share price has risen 5.5% to $2.71. A rise in the gold price and increased demand for safe haven assets appears to have been the reason for this strong share price gain. A number of Australian gold miners are ending the week strongly, leading to the S&P/ASX All Ords Gold index climbing 2.1% this afternoon.
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