Motley Fool Australia

Why Corporate Travel Management, Silver Lake, Volpara, & Vulcan are pushing higher

growth shares

In early afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to record a another decline. At the time of writing, the benchmark index is down 0.4% to 6,767.6 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:

Corporate Travel Management Ltd (ASX: CTD)

The Corporate Travel Management share price is up 4.5% to $21.96. Investors appears to be taking advantage of a pullback in the corporate travel booking company’s shares on Wednesday to invest today. Yesterday, the Corporate Travel Management share price came under pressure after it revealed that its CEO had offloaded over $31 million worth of shares.

Silver Lake Resources Limited (ASX: SLR)

The Silver Lake share price has jumped over 7% to $1.68. The catalyst for this was a solid rise in the gold price overnight after the latest FOMC meeting. At the meeting, the US Fed advised that it remained committed to not increasing rates until 2023. It isn’t just Silver Lake on the rise today. A large number of gold miners are recording solid gains, which has driven the S&P/ASX All Ords Gold index up a sizeable 3.7%.

Volpara Health Technologies Ltd (ASX: VHT)

The Volpara share price has risen 3% to $1.33. Investors have been buying this healthcare technology company’s shares after it revealed promising results from round two of its DENSE trial. The DENSE trial is the first randomised controlled study on the clinical utility of breast MRI supplemental screening for women with extremely dense breasts. The study is using the company’s Volpara Density software to assess breast density.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan share price has climbed 2.5% to $6.50 after announcing a key new appointment to its board. According to the release, the company has appointed former Tesla Head of Battery and Energy Supply Chain, Annie Liu, as a Non-Executive Director. During her time at Tesla, Ms. Liu led and managed the multi-billion-dollar strategic partnerships and sourcing portfolios that support the electric vehicle (EV) giant’s Energy and Battery business units.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of February 15th 2021

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends VOLPARA FPO NZ. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended VOLPARA FPO NZ. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Related Articles…

Latest posts by James Mickleboro (see all)