The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a positive start to the week and in afternoon trade is up 0.5% to 6,223.9 points.
Four shares that have failed to follow the market higher today are listed below. Here's why they have started the week in the red:
The Evolution Mining Ltd (ASX: EVN) share price has fallen 5% to $3.42 after a sharp decline in the gold price on Friday. At the time of writing the spot gold price is fetching US$1,296 an ounce, meaning it has fallen almost 4% in the less than two weeks. Almost all gold miners have sunk lower today, leading to the S&P/ASX All Ords Gold index tumbling 3.4% this afternoon.
The FBR Ltd (ASX: FBR) share price has continued its slide and is down a further 6% to 9.9 cents. This latest decline means that the robotics company's shares have dropped around 29% over the last three weeks. The catalyst for this has been a recent $17 million placement at 10.5 cents per share. These funds will be used to continue the "development and testing program for the Hadrian X and its transition into the WaaS business."
The Japara Healthcare Ltd (ASX: JHC) share price has dropped 4% to $1.36 despite there being no news out of the aged care provider. However, prior to today Japara's shares had rallied 27% since the start of the year. This could mean that some investors are taking a little bit of profit off the table today.
The Yojee Ltd (ASX: YOJ) share price has plunged 13% lower to 6.7 cents. After the market closed on Friday the logistics technology company released its half year results and revealed revenue of $0.9 million and a loss of $2.5 million. The company finished the period with a cash balance of $6 million, which could mean another capital raising is necessary in the near future.
