In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to make it two consecutive days of gains and is higher by 0.1% at 5,722 points.
Four shares which have climbed notably higher today are listed below. Here's why they are ending the week with a bang:
The Bubs Australia Ltd (ASX: BUB) share price is up 6.5% to 65.5 cents after the infant formula and baby food company completed its institutional share placement. Bubs raised approximately $16 million (before costs) at 45 cents per share. Although the initial reaction to the significant discount was negative and its shares fell 7%, investors now appear to believe the placement has put the company in a strong position to deliver on its plans.
The Galaxy Resources Limited (ASX: GXY) share price has continued to race higher, this time by almost 7% to $2.03. I thought the lithium miner delivered a strong full-year result on Wednesday and can't say I'm surprised to see its shares significantly higher post-earnings. In my opinion Galaxy is one of the best options in the resources sector.
The GetSwift Ltd (ASX: GSW) share price is up 3.5% to $1.16. This latest gain means that the shares of this fast-growing delivery management software provider have gained almost 15% this week. The catalyst for this gain appears to be the announcement of an exclusive commercial multi-year agreement with Bareburger.com.
The Mayne Pharma Group Ltd (ASX: MYX) share price has climbed 5.5% to 70.7 cents despite there being no news out of the company. Investors appear to have been snapping up shares in the pharmaceutical company after it emerged that one of its non-executive directors had significantly increased his position in the company with a $5.5 million purchase of shares on market.
