A number of shares have been pushing higher on the ASX this month.
Some have climbed more than most and have even managed to reach 52-week highs or better.
Three that have achieved this feat are listed below. Here's why they are soaring right now:
Bailador Technology Investments Ltd (ASX: BTI)
The Bailador Technology Investments share price hit a multi-year high of $1.13 on Friday. This technology focused expansion capital company caught the eye in FY 2019 when seven out of its ten portfolio companies experiencing upwards revaluations. This ultimately led to the company reporting a 367% increase in net profit to $17.1 million and an 18.2% lift in NTA per share to $1.31. Pleasingly, its positive form has continued in FY 2020. On Friday it announced that one of its key investments, SiteMinder, has raised capital at a premium. According to the release, the deal will mean a 27% uplift of Bailador's carrying value from $72.9 million to $92.4 million.
Perseus Mining Limited (ASX: PRU)
The Perseus Mining share price reached a multi-year high of $1.12 at the end of last week. The catalyst for this was another rise in the gold price. Some traders appear to be betting against a US and China trade deal being signed, supporting demand for safe haven assets. Also supporting its shares recently is news that Perseus has been added to the S&P/ASX All Australian 200 Index and its positive update on the construction of its Yaouré Gold Mine in the Ivory Coast.
Super Retail Group Ltd (ASX: SUL)
The Super Retail share price climbed to a 52-week high of $10.45 on Friday. Investors have been buying the retailer's shares this year thanks to its positive performance in a tough retail market. Pleasingly, the retail group behind BCF, Macpac, Rebel, and Super Cheap Auto has started FY 2020 in a positive fashion. During the first 16 weeks of the financial year Super Retail delivered total sales growth of 4.2%. In addition to this, investors appear to have been attracted to its shares for their generous dividend yield in this low interest rate environment.
