After a slow start to the day the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is up 0.1% to 5,900 points in early afternoon trade.
Four shares climbing more than most today are listed below. Here's why they have stormed higher:
The Catapult Group International Ltd (ASX: CAT) share price has climbed 12% to $1.72 following the release of its first-quarter update. In the first-quarter of FY 2018 Catapult delivered a 23% increase in group cash receipts to $27.8 million. The highlight of the quarter was arguably the performance of its Elite Wearable business which saw cash receipts rise an impressive 80% on the prior corresponding period.
The Japara Healthcare Ltd (ASX: JHC) share price is up 8% to $2.01 after fund manager Moelis Australia Ltd (ASX: MOE) acquired a 9.96% stake in the aged care provider for $50.4 million. Even after this solid gain I think that Japara is worth a closer look thanks to the tailwinds of Australia's ageing population.
The Medadvisor Ltd (ASX: MDR) share price has rocketed 42% to 5.1 cents after the digital medication management company announced that EBOS Group Ltd (ASX: EBO) had made a $9.5 million strategic investment at 5.75 cents per share. The funds will be used to accelerate MedAdvisor's customer acquisition strategy and broaden the health services made available to pharmacies and their customers via MedAdvisor's software.
The Saracen Mineral Holdings Limited (ASX: SAR) share price has stormed 12% higher to $1.51. Although many of Australia's gold miners are higher today following a small rise in the gold price overnight, Saracen has gained significantly more thanks to a couple of positive broker notes.
