The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back from yesterday's decline and in afternoon trade is up 0.5% to 5,775 points.
Four shares which have climbed more than most today are listed below. Here's why they are higher:
The Auscann Group Holdings Ltd (ASX: AC8) share price has rocketed 14% to 52.5 cents today after the pot stock announced that it has been granted a licence to manufacturer medicinal cannabis in Australia. This licence which enables the manufacture and supply of cannabinoid medicines, completes the supply chain for the company.
The Bubs Australia Ltd (ASX: BUB) share price has bounced back from a series of declines and is up almost 5% to 49.2 cents. This morning the fledgling infant formula company released an investor presentation which appeared to show promising progress in the lucrative China market.
The Janus Henderson Group (ASX: JHG) share price is up 5.5% to $45.47 following the release of the financial services company's second-quarter result. According to the release, assets under management increased 4% on a pro forma basis to US$345 billion. Thanks to this and some impressive cost savings, Janus Henderson reported quarterly pro forma profit of US$41.7 million.
The Webjet Limited (ASX: WEB) share price is up 3% to $11.55 a day after a leading broker slapped an outperform rating on its shares. According to a note out of Credit Suisse yesterday, its analysts are bullish on the online travel agent after it announced plans to acquire JacTravel. The broker has a $13.15 price target on its shares and I wouldn't be at all surprised to see it reach that level in the next few months.
