In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week on a high. At the time of writing the benchmark index is up 0.4% to 6,207.2 points.
Four shares climbing more than most today are listed below. Here's why they are ending the week with a bang:
The Nanosonics Ltd (ASX: NAN) share price has stormed over 5% higher to $3.60. The infection control specialists' shares have been on fire over the last couple of days following the release of a positive broker note out of Wilsons. According to the note, the broker has slapped a buy rating and $4.00 price target on Nanosonics' shares. This price target implies further upside of approximately 11% for its shares.
The Navitas Limited (ASX: NVT) share price has risen 3% to $4.51 after the education services provider announced the signing of an agreement with The Hague University of Applied Sciences for a new pathway college. The agreement is for a 5 year period and the college will commence teaching from 1 September 2019.
The OFX Group Ltd (ASX: OFX) share price has surged almost 6% higher to $2.36 despite there being no news out of the money transfer company. Earlier today the company's shares hit a 52-week high of $2.38, bringing their year to date return to an impressive 67%. Investors appear pleased with the progress the company has made over the last 12 months and the big improvement in its operating performance.
The Syrah Resources Ltd (ASX: SYR) share price is up 3.5% to $2.34. The embattled graphite miner's shares were given a boost today after the release of a positive broker note out of Credit Suisse. According to the note, the broker has retained its outperform rating and massive $5.50 price target on Syrah's shares. Credit Suisse appears to be pleased that the company has finalised a mining agreement with authorities in Mozambique.
