After a weak start to the day the Australian share market has bounced back and pushed into positive territory in afternoon trade.
Three small cap shares that have caught the eye today with solid gains are listed below. Here's why they are on the rise on Monday:
The Bidenergy Ltd (ASX: BID) share price has climbed over 3.5% to $1.03 after the energy spend management platform provider announced that it has entered into a five year agreement with the Australian division of Cushman and Wakefield. The agreement will see Bidenergy provide end to end energy spend lifecycle management services for the supply of electricity and natural gas, water and council rates to its customers. Upon completion of on-boarding, this agreement will add approximately 10,500 meters to the company's meters under management. This will bring its total meters under management to 33,000.
The LiveHire Ltd (ASX: LVH) share price has surged 9.5% higher to 51.5 cents after the talent technology company announced that it has secured an enterprise agreement with one of Australia's leading energy infrastructure and distribution organisations, Jemena. LiveHire will host the Talent Community for the entire Jemena organisation, providing it with an end to end talent acquisition and engagement platform. Management advised that the enterprise agreement represents annualised recurring revenue (ARR) of more than twice the current average ARR across its clients.
The Nuheara Ltd (ASX: NUH) share price has pushed 3% higher to 7.1 cents after the smart personal hearing devices provider announced a retail partnership with Specsavers Optical Group in the United Kingdom. The partnership will see Nuheara's range of smart hearing buds trialled in the Sussex Specsavers store with a view to increased roll-out over 2019. With nearly 2,000 stores globally, this partnership could be lucrative for the company if the trial is a success.
