The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has followed the lead of international markets and in afternoon trade is lower by 0.1% to 5,677 points.
Despite this a number of shares have gone against the grain and pushed higher. The following six shares stood out with noticeably strong gains. Here's why:
Audio Pixels Holdings Ltd (ASX: AKP) has bounced back from yesterday's savage sell-off with a 6% jump to $14.00. On Wednesday the Israel-based digital speaker developer revealed that the performance of its revolutionary loudspeaker chip didn't reach certain critical objectives required for its commercialised product. This led to its shares falling a whopping 34%.
Capilano Honey Ltd (ASX: CZZ) shares have jumped 4% to $16.70 despite there being no notable news from the company this month. I've tipped the leading honey producer to have a big 2017 thanks to the launch of its Beeotic prebiotic honey range and continued growth in the China market. At just over 14x full year earnings I believe it could prove to be a bargain buy.
Mobile Embrace Ltd (ASX: MBE) shares have rocketed 12% higher to 14 cents despite there being no news out of the mobile commerce company. Despite today's gain its shares are still down 63% in 2016 thanks largely to a 50% drop in its share price in November. That decline was a result of a downgrade to its full year earnings guidance following tough trading conditions domestically. I think the company has enormous potential, but I'd suggest investors hold off until it shows signs of improvement.
OceanaGold Corporation (ASX: OGC) shares have surged higher by 9% to $3.94 as the gold price continued to edge higher. At the time of writing the spot gold price fetched US$1,147 an ounce. Fellow gold miners Northern Star Resources Ltd (ASX: NST) and EVOLUTION FPO (ASX: EVN) have also put on strong gains of over 3% and 4% respectively.
