With the market climbing higher and back above the 6,000 points mark, it will come as little surprise to learn that several shares raced to 52-week highs on Wednesday.
Two that stood out are listed below:
The Altium Limited (ASX: ALU) share price climbed to a new high of $13.90 during trade on Wednesday. Investors have been fighting to get hold of the printed circuit board design software company's shares since August when it released an impressive full-year result and reaffirmed its long-term guidance of reaching US$200 million in revenue by FY 2020. This will be a substantial increase on the US$110.9 million it generated in FY 2017.
The Xtek Ltd (ASX: XTE) share price climbed to an 11-year high of 58 cents. The homeland security products company's shares have been on a tear in recent weeks, rising over 21% since this time last month. Investors appear optimistic that Xtek is well positioned to deliver a strong result in FY 2018. In October the company signed a $2.4 million deal with the Australian Defence Force to supply X-Ray equipment for bomb disposal purposes.
