The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has followed the lead of U.S. markets and has pushed higher on Friday. In afternoon trade the index is up 0.3% to 5,930.1 points.
Four shares that have failed to follow the market higher today are listed below. Here's why they are ending the week in the red:
The Cann Group Ltd (ASX: CAN) share price is down 2% to $2.99 after the medicinal cannabis company released its quarterly update. Considering the company is not yet selling produce, there isn't much to report. Cann Group finished the quarter with a cash balance of $82.5 million and expects cash outflows of $4.4 million in the current quarter.
The Fastbrick Robotics Ltd (ASX: FBR) share price has tumbled 7% to 19 cents despite there being no news out of the robotics company. Fastbrick Robotics' shares have been on a tear this week, which may have led to a spot of profit taking today. Yesterday the company released an update on the estimated market opportunity for its Hadrian X bricklaying robot.
The OceanaGold Corp (ASX: OGC) share price has fallen 2.2% to $3.49 after the gold miner released its first-quarter update after the market closed on Thursday. OceanaGold reported revenue of $196.7 million, EBITDA of $100.9 million, and a net profit of $44.5 million during the quarter. Gold production and sales were both down significantly compared to the fourth-quarter due partly to a severe cold weather event at its Haile operation.
The Sandfire Resources NL (ASX: SFR) share price has dropped over 2.5% to $8.14 after the copper miner released its quarterly update. Investors appear to have been disappointed with its quarter-on-quarter decline in copper production. Management has, however, maintained its full-year copper production guidance and increased its guidance for gold production.
