In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to make it three successive days of gains and is higher by 0.3% to 5,814 points.
Four shares that haven't been able to follow the market higher today are listed below. Here's why they are ending the week in the red:
The Argosy Minerals Limited (ASX: AGY) share price has plunged 8% to 23.5 cents after emerging from its self-imposed suspension. Investors appear to be disappointed that the mineral exploration company was forced to reduce its $15 million placement price to 18 cents per share from 22 cents.
The Cann Group Ltd (ASX: CAN) share price has continued its poor run and is down a further 3.5% to $1.18. the brings the medicinal cannabis company's week-to-date decline to almost 10% despite there being no news out if it. However, considering its shares have more than doubled in value in the last three months, this decline could be due to profit-taking.
The Change Financial Ltd (ASX: CCA) share price has fallen 3% to 76.5 cents. Like Cann, this fast-growing fintech company's shares have been on a tear recently, which could mean today's decline is related to traders taking profit. I have been impressed with Change Financial's recent results and believe it could be a great buy and hold investment.
The Xenith IP Group Ltd (ASX: XIP) share price has fallen 30% to $1.17 after the intellectual property services company provided full-year EBITDA guidance that fell short of the market's expectations. Due largely to issues with recent acquisitions, Xenith IP expects EBITDA to be between $18 million and $22 million in FY 2018.
