In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is lower by 0.2% to 5,916 due largely to sharp declines in the telecommunications sector.
But not all shares have fallen lower today. Four shares in particular have gone against the grain today and posted notably strong gains. Here's why:
The GetSwift Ltd (ASX: GSW) share price has jumped 8% to 79 cents after the exciting software-as-a-service company announced a partnership agreement with Mobi2Go. The partnership will see GetSwift offer additional global touchpoints for Mob2Go's online and mobile ordering system. Management expects the partnership to increase and diversify its client base.
The PUSHPAY FPO NZX (ASX: PPH) share price has climbed almost 5% to $1.78 after the mobile commerce company announced a record quarter of growth. According to the release, a strong increase in its customer numbers resulted in annualized committed monthly revenue rising to US$50.5 million. Management expects to breakeven on a monthly cash flow basis prior to the end of calendar year 2017.
The Saracen Mineral Holdings Limited (ASX: SAR) share price is up almost 5% to $1.08 thanks to a jump in the spot gold price. Due to rising tensions in Syria and Korea, the spot gold price is currently fetching US$1,275 an ounce. This is the highest price gold has traded at since November of last year.
The SKY and Space Global Ltd (ASX: SAS) share price has surged 7% to 23.5 cents after the communications infrastructure company announced that its nano-satellites had successfully tested the transmission of voice calls, instant messaging services, data transfers, and the uploading of software upgrades. As a result its ground station and software are now deemed to be "space ready".
