In afternoon trade the S&P/ASX 200 index is on course to start the week with a small gain. At the time of writing the benchmark index is up 0.1% to 6,655 points.
Four shares that are climbing more than most today are listed below. Here's why they have charged higher:
The Althea Group Holdings Ltd (ASX: AGH) share price has climbed 2.5% to 79 cents. This morning the cannabis company released an update on its performance during the month of August. According to the release, Althea welcomed 392 new Australian patients during August at a rate of approximately 18 patients per business day. This represents the largest number of new patients to be prescribed Althea products in a single month.
The Envirosuite Ltd (ASX: EVS) share price has rocketed a massive 58% higher to 20.5 cents after the environmental management technology company announced its entry into the massive China market. According to the release, Envirosuite has signed a legally binding agreement with Zhigang Zhang to secure a strategically funded entry into the China market which the board believes could be "transformational to company value."
The iSignthis Ltd (ASX: ISX) share price has surged 16% higher to $1.59 after providing another positive market update. According to the release, the fast-growing neobank and regtech company reported further growth in its gross processing transaction volume (GPTV). At the end of August its GPTV exceeded $1.1 billion, which is up more than 160% since the end of June.
The TPG Telecom Ltd (ASX: TPM) share price has zoomed 5% higher to $6.74 after being upgraded by a leading broker. According to a note out of UBS, its analysts have taken their sell rating off the telco company's shares and upgraded them to neutral with a $6.60 price target. The broker made the move largely on valuation grounds after a period of underperformance for its shares.
