In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given back its early gains and is down 0.1% to 6,235 points.
Four shares that have not let that hold them back are listed below. Here's why they are ending the week with a bang:
The Airxpanders Inc (ASX: AXP) share price has rocketed 26% to 12.5 cents after the medical device company announced the raising of approximately A$20.3 million via a placement and underwritten pro-rata non-renounceable rights offering. The rights offering aims to raise A$15.7 million at A$0.075 per CDI. Supporting this is a private placement which has been made to certain U.S. investors to raise approximately US$3.4 million (A$4.6 million) at an issue price of US$0.167 per share.
The Blue Sky Alternative Investments Ltd (ASX: BLA) share price has pushed a further 13% higher to $2.61. Investors have been fighting to get hold of shares of the embattled asset manager after Macquarie Group Ltd (ASX: MQG) was revealed to be a substantial holder. Macquarie has been busy buying shares as the Blue Sky share price collapsed.
The Kogan.com Ltd (ASX: KGN) share price has continued its recovery and is up almost 5% to $5.17. The ecommerce company's shares had been down as much as 53% from their 52-week high recently following a softer than expected trading update. Some investors appear to believe that this pushed them into bargain territory and have been snapping them up. I still think that Kogan's shares are great value.
The Pilbara Minerals Ltd (ASX: PLS) share price is up 6% to 89.7 cents following the release of the definitive feasibility study for the Stage 2 5Mtpa Pilgangoora Lithium-Tantalum project. The study outlined a compelling case for the expansion to proceed and estimated the project to have a net present value of $2.16 billion, with life of mine project revenue estimated to be $12.2 billion and EBITDA of $6.3 billion.
