2 ASX small-cap shares breaking multi-year highs today

It's a big day for these small stocks on Wednesday.

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Key points

  • The share prices of Maggie Beer and Monash IVF both surged to their highest point in years on Wednesday
  • Maggie Beer's gains followed the release of its half year results
  • Meanwhile, Monash IVF is preparing to release its earnings tomorrow

It's an exciting day for owners of these ASX small-cap shares – they're hitting their highest share price in years.

Shares in both Monash IVF Group Ltd (ASX: MVF) and Maggie Beer Holdings Ltd (ASX: MBH) are revelling in reporting season.

The Monash IVF share price has hit its highest point since August 2019 ­– surging to $1.135 in intraday trade.

Meanwhile, the Maggie Beer share price reached a new all-time high of 61 cents earlier today on the back of the company's half-year earnings.

Let's take a closer look at what's got small-cap enthusiasts excited about these ASX shares.

What's boosting the share price of these ASX small-caps today?

First off, Maggie Beer's surge follows some tasty figures in the company's half-year earnings.

Over the course of the 6 months ended 31 December 2021, Maggie Beer's sales increased 113% compared to those of the previous first half, reaching $64.5 million.

Meanwhile, its trading earnings before interest, tax, depreciation, and amortisation (EBITDA) soared 438% to $9.8 million.

The company also broke even after reporting a net profit after tax (NPAT) of $5.5 million.

Maggie Beer's first half of financial year 2022 was bolstered by its recent acquisition of Hampers & Gifts Australia.

While the Maggie Beer share price rose 3.3% earlier today, it is now at 60 cents, up 1.69%.

As Maggie Beer's stock was surging, that of Monash IVF was also up despite no word from the reproductive services provider.

However, the market might be anticipating big things from the company's own first-half earnings. They're set to drop tomorrow.

Its share price has also come off its multi-year high this afternoon. It's currently trading at $1.12 – down from its intraday high of $1.135.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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