The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course for a strong finish to the week. In afternoon trade the benchmark index is up 0.9% to 5,761 points thanks to gains in almost all sectors.
Four shares which have made notably strong gains today are listed below. Here's why they are finishing the week with a bang:
The Auscann Group Holdings Ltd (ASX: AC8) share price has jumped 5% to 75.5 cents as the pot stock rally continues to advance. With investors piling into the medical marijuana sector en masse, AusCann's shares have now climbed a remarkable 135% so far in March.
The Caltex Australia Limited (ASX: CTX) share price has climbed 4% to $29.41 despite there being no news out of the company. Today's gain is likely to be attributable to a research note out of Deutsche Bank. Its analysts reiterated their buy rating and increased their price target on its shares to $35.40 following a solid refiner margin update yesterday.
The Slater & Gordon Limited (ASX: SGH) share price has rocketed 20% to 13.2 cents after the embattled law firm announced that ASIC had concluded its investigation into the company's accounts. Following the investigation ASIC advised that there was no indication of a breach of law and it will not take any enforcement action.
The Syrah Resources Ltd (ASX: SYR) share price is up 6% to $2.75 after the graphite producer released an update on its Balama project. The update revealed that commissioning remains on schedule for the second quarter of 2017 and the capital budget remains unchanged at US$193 million. The project has suffered from significant delays in the past, but things finally appear to be going to plan.
