In late morning trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another decent gain. At the time of writing, the benchmark index is up 0.5% to 6,919.6 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are racing higher:

EML Payments Ltd (ASX: EML)

The EML share price is up almost 10% to $5.64 after announcing the acquisition of Sentenial Limited for up to 110 million euros (~A$170.7 million). Sentenial is a leading European Open Banking and Account-to-Account (A2A) payments provider, utilising a cloud-native, API-first, full stack enterprise grade payment platform. Its customers include 4 of the top 7 banks in the United Kingdom and some of the largest merchant acquirers in Europe.

NextDC Ltd (ASX: NXT)

The NextDC share price has risen 2.5% to $11.30. This appears to have been driven by a broker note out of Goldman Sachs this morning. According to the note, the broker has added the data centre operator’s shares to its conviction buy list and lifted the price target on them to $15.00. The broker has been holding meetings with industry participants. These meetings have collectively reinforced its positive view on NextDC.

Qantas Airways Limited (ASX: QAN)

The Qantas share price is up almost 4% to $5.46. As with NextDC, this gain appears to have been driven partly by a broker note out of Goldman Sachs. In response to the ANZ travel bubble news, Goldman reiterated its buy rating and $6.38 price target on the airline operator’s shares. The broker points out that New Zealand accounted for ~13% of Qantas’ international passengers prior to COVID-19.

Recce Pharmaceuticals Ltd (ASX: RCE)

The Recce share price has jumped 6% to $1.04. This follows the release of an update on its sinusitis infection treatment. According to the release, Special Access Scheme notification has been made to the Therapeutic Goods Administration by a medical practitioner following the successful treatment of a patient with RECCE 327 (R327), via nasal passage, against multidrug-resistant Pseudomonas aeruginosa (P. aeruginosa) sinusitis infection.

More reading

• Here’s why the NextDC (ASX:NXT) share price is racing higher
• EML Payments (ASX:EML) share price jumps to record high on acquisition news
• Can the Qantas (ASX:QAN) share price soar even higher?
• 5 things to watch on the ASX 200 on Wednesday
• NZ-Australia bubble opens! Qantas (ASX:QAN) shares take off

James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends EML Payments. The Motley Fool Australia has recommended EML Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The MGC Pharmaceuticals Ltd (ASX: MXC) share price is off to the races today, up 13% at the time of writing.

The bio-pharma company produces and develops cannabis-derived medicines.

Let’s take a look at the ASX cannabis share’s latest product orders and revenue stream.

What did MGC Pharma report today?

The MGC Pharma share price is rocketing higher after the company reported it had completed the delivery of its first bulk order of ArtemiC Rescue in March to Swiss PharmaCan AG. The bulk order of its medicinal food supplement delivered approximately $425,000 in wholesale production revenue.

Swiss PharmaCan’s purchase helped drive MGC Pharma to record quarterly sales revenue from its “proprietary phytomedicine product line”. The ASX cannabis share reported it had generated roughly $880,000 of revenue during the March 2021 quarter.

The company also said March brought in its best single month’s sales revenue so far from its pharmaceutical-grade phytomedicine products, driven by sales of its MP product line in Australia.

Words from the management

Commenting on the results, MGC Pharma global chief sales officer Nicole Godresse said:

In recent months we have seen rapid sales growth of our medical cannabis products as a direct result of our strategy to broaden our core prescriber base, diversify and expand our revenue streams and build additional strategic alliances. It is pleasing to see these strategies starting to translate into positive commercial outcomes and we expect this strong growth momentum to continue in 2021 and beyond.

MGC Pharma managing director Roby Zomer added:

We are very pleased to complete our first batch purchase order for ArtemiC Rescue under our Swiss PharmaCan agreement. This, combined with sales growth of other pharma grade cannabinoid products in key markets, has helped to deliver the strongest month and quarter of revenue growth for the company to date.

MGC Pharma’s detailed March quarterly activity report is expected within the next few weeks.

MGC Pharma share price snapshot

Over the past 12 months, the MGC Pharma share price has gained 130%, handily outpacing the 35% gains posted by the All Ordinaries Index (ASX: XAO) over that same period.

With today’s intraday gains factored in, the MGC Pharma share price is up 245% year-to-date.

More reading

• Why the MGC Pharmaceuticals (ASX:MXC) share price is jumping 8%

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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There are a handful of S&P/ASX 200 Index (ASX: XJO) shares that offer investors fairly high dividend yields.

Not every business is going to pay a large dividend. But a combination of a high payout ratio and satisfactory valuation means the below ASX 200 dividend shares offer juicy yields:

Growthpoint Properties Australia Ltd (ASX: GOZ)

This real estate investment trust (REIT) invests in properties, namely in the industrial and office properties across Australia. Not only does the REIT look to meet tenant needs now and in the future, but it also looks to operate in a sustainable way whilst reducing the impact on the environment.

Growthpoint has a total property portfolio value of around $4.3 billion, with a weighted average lease expiry (WALE) of 6.2 years, which provides a relatively long-term outlook for rental income.

It’s currently rated as a buy by the broker Credit Suisse. The broker expects Growthpoint will pay a distribution of 20 cents per unit in FY21, which equates to a distribution yield of 5.7%. This is also what management have guided.

The ASX 200 dividend share has a weighted average capitalisation rate of 5.5%, with a portfolio occupancy of 95%.

Growthpoint managed to generate 0.8% funds from operation (FFO) – rental profit – per security growth to 12.7 cents, with an increase of the net tangible assets (NTA) per security of 4.7% to $3.82. That means the current share price is at an 8% discount to the NTA.

Its gearing reduced to 29.9% in the recent result, well below the target range of 35% to 45%.

In FY21, Growthpoint is expecting to generate FFO per security of between 25.2 cents to 25.5 cents.

Magellan Financial Group Ltd (ASX: MFG)

Magellan is a fund manager that’s currently rated as a buy by the broker Morgans, with a price target of $58.26.

The manager’s key equity strategy has been struggling and underperforming the global benchmark in recent months. However, that could reverse with the US tech share’s strength in recent days and weeks.

Despite those difficulties, Magellan managed to report a 9% increase in its half-year average funds under management (FUM) to $100.9 billion. This led to an 8% rise in profit before tax and performance fees of the funds management business to $256.2 million, whilst net profit after tax (NPAT) grew 3% to $202.3 million.

The ASX 200 dividend share declared a 5% increase of the interim dividend to 97.1 cents per share.

Magellan CEO Brett Cairns noted a number of things that the company has done:

Magellan had a busy first half with the completion of a number of important initiatives including the restructure of our global equities retail funds, the launch of the Magellan Sustainable Fund and the MFG Core Series and principal investments we made in Barrenjoey Capital Partners, FinClear Holdings Limited and Guzman y Gomez.

Morgans is expecting Magellan to pay a dividend of $2.06 per share in FY21, which equates to a partially franked dividend yield of 4.3%.

More reading

• Acquisitions and spin-offs put these 3 ASX shares on brokers’ “buy” list
• The Australian economy will recover from COVID-19 this year, says IMF
• 2 ASX sectors where dividend shares will go backwards this year
• 2 great ASX 200 blue chip shares for dividends
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Tristan Harrison owns shares of Magellan Financial Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Ramelius Resources Ltd (ASX: RMS) share price is edging higher in morning trade, up 2%.

We take a look at the S&P/ASX 200 Index (ASX: XJO) gold shares latest production update below.

What did Ramelius Resources report on its gold production?

Ramelius shares are edging higher after the company reported it had achieved gold production guidance for the 2021 March quarter. Ramelius had forecast production in the range of 65,000—70,000 ounces of gold and achieved 66,029 ounces during the quarter.

41,832 ounces were produced at the gold miner’s Mt Magnet mine (including Vivien). While the remain 24,197 ounces came from its Edna May mine (including Marda).

Ramelius said it managed to achieve guidance despite a motor drive bearing failure at its Edna May SAG mill in March. All told, the mill was out of action for 7 days before recommencing production.

The company also reported an improvement in its cash and gold on hand, which increased to $230.6 million from $221.5 million at the end of the December 2020 quarter.

The ASX 200 gold miner will release its full quarterly report later in April.

Share price snapshot

Ramelius shares are up 53% over the past 12 months, compared to a gain of 31% on the ASX 200. Year-to-date it’s been a bit choppier for the gold producer, with shares down just under 10% so far in 2021.

At the current price of $1.61 per share, Ramelius has a market cap of $1.3 billion and pays an annual dividend yield of 1.3%.

More reading

• ASX 200 down 0.2%: Afterpay surges, gold miners jump, Fortescue sinks

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Jayride Group Ltd (ASX: JAY) share price is shooting up today after the company released its market update for the third-quarter FY21.

The Jayride share price has rocketed 47% at the time of writing, trading at 25 cents per share. It closed yesterday down 5% at 17 cents per share.

Jayride is a Sydney-based transfer comparison site, specialising in booking flight transfers for airlines. Founded in 2012, it’s an e-commerce marketplace where people compare companies and operates in the airport, hotel, residential address, tourist attraction and cruise ship industries.

Jayride surges on strong results

Jayride posted that passenger trips booked through its site grew by 69% in the third quarter of the 2021 financial year, against data from the prior quarter. It also reported a 127% increase in passenger trips booked between February and March this year. 

The company says that the majority of its growth is led by North America, with international results assisting the Jayride share price recovery. However, it also maintains that trips across all other continents are increasing.

What Jayride management said

Jayride managing director Rod Bishop welcomed the progress, saying:

We are encouraged by the rebound in trips coming through as vaccination programs gather pace. The global travel recovery has step-changed in March. Trips in March (and April to date) are significantly higher than prior months. We are well placed to scale up and service this growing demand.

Jayride’s growth is being driven by the North American market. In particular US travellers are resuming their travel to domestic and regional destinations like Florida, Mexico and the Dominican Republic. Trips in all other continents also grew in March.

Jayride share price snapshot

The Jayride share price has recovered from yesterday’s losses and has now gained a whopping 92% in the last month and 212% over the past 12 months. 

At the current share price, Jayride has a market capitalisation of $27 million. The company expects to release its third-quarter business review and cash flow report during the week of 26 April 2021.

More reading

• 2 ASX 200 dividend shares with large yields
• What’s happening with the Ramelius (ASX:RMS) share price?
• Why the Emerge Gaming (ASX:EM1) share price is up 12%
• Square’s ready to take on PayPal
• Why the McGrath (ASX:MEA) share price is climbing today

Motley Fool contributor Lucas Radbourne-Pugh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Emerge Gaming Ltd (ASX: EM1) share price jumped 12% higher on Tuesday to 3.7 cents. This comes after the company provided a subscription update for its MTN Arena Platform. At the time of writing, the Emerge Gaming share price has retreated slightly to 3.6 cents. However, it is still up 9%.

Emerge Gaming share price surges on subscription update 

Emerge Gaming has been growing its user base in South Africa. This comes after its two-year agreement with the country’s largest telco Mobile Telephone Networks (MTN) back in late 2019.

On Wednesday, the company announced that ~225,000 paying subscribers had registered on the platform. Additionally, the company had ~105,000 new subscribers registering in the past two months. 

MTN Arena generates revenues by billing a daily subscription fee against mobile subscriber accounts. Users pay a fee of approximately 26 cents a day ($7.80 per month). This fee allows them to enter into competitions involving their favourite mobile social games. Furthermore, subscribers are able to earn rewards and also win cash prizes. Under the agreement, MTN has committed to paying approximately ~A$8,900 per month for monthly prizes. This amount will be dedicated for the first 12 months of the platform’s operation. 

Additionally, the company continues to invest in marketing campaigns to drive user adoption and registration to the MTN Arena Platform. The Platform is promoted across multiple digital channels and bulk SMSs to target MTN’s 29 million subscribers in South Africa. 

A rollercoaster ride for shareholders 

The Emerge Gaming share price managed to go full circle from around 4.5 cents to as high as 17 cents and back to 4.5 cents between October 2020 and February 2021. 

Its shares surged in October after the company announced that it had received more than 3 million pre-registrations for its MIGGSTER Mobile platform. MIGGSTER is a similar concept as MTN, allowing paying users to enter tournaments and win prizes. 

Its shares came under fire after an ASX query that resulted in the company announcing that there were only 25,674 subscriptions on the MIGGSTER platform. 

While the company has come clean with definitions and revenue, its shares are unlikely to re-test its previous all-time record highs of 17 cents any time soon. 

 

More reading

• Why the Emerge Gaming (ASX:EM1) share price is jumping 13% today

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

In case you missed it, Square (NYSE: SQ) in December launched a streetwear collection based on its Cash App brand. No, this financial services and digital payments company isn’t suddenly pivoting into the apparel business. Instead, the “Cash by Cash App” store served as a demonstration of a much-bigger opportunity for Square.

The online store features a big button at checkout encouraging shoppers to check out with Cash App. And Square has plans to expand that checkout button to more online merchants, taking on PayPal Holdings‘ (NASDAQ: PYPL) core business.

What Square’s working on

A couple of job listings for Square indicate it wants to expand the checkout feature in some form. “The Commerce team is building new retail payment experiences on Cash App that leverage our vast omnichannel Seller ecosystem at Square,” job listings for a software engineer and engineering manager explain. 

Square revamped its online store product a couple of years ago following the acquisition of Weebly, and it’s seen strong growth since. Management said online channel gross payment volume, or GPV, has grown greater than 50% in each of the past two years. Additionally, omnichannel merchants (a category that combines online and in-store sales) now account for the majority of Square’s GPV, following the shift in consumer behavior during the pandemic.

A big advantage PayPal has over start-ups is that it’s already developed a massive network of both merchants and customers, and both groups trust PayPal with their payment information. But now Square finds itself with a sizable base of merchants using its online store and 36 million Cash App users. There’s a real opportunity to connect the two ecosystems.

“[Y]ou can imagine where it might go as we make it even faster, we make it even easier,” CEO Jack Dorsey said of the Cash by Cash App experiment during Square’s fourth-quarter earnings call. “And I think it draws both on the Cash App ecosystem and as acquisition opportunities there and also for the Seller ecosystem and has an opportunity there.”

Customer acquisition will be the prime area of focus for Square’s $850 million in incremental operating expenses this year. The current per-customer acquisition cost for Cash App is less than $5, management said. Increasing that and re-engaging the 50 million Cash App users not actively using the service could go a long way toward catching up with PayPal. As of the end of 2020, PayPal counted nearly 350 million active consumer accounts.

Bringing the option in-store

If Square can get more merchants and customers used to the idea of using Cash App to pay businesses, there’s potential for Square to bring the same concept into brick-and-mortar stores. That’s a big area of interest for PayPal, which has pushed QR codes and other in-store digital payment options over the last year. But Square already has the in-store merchant relations to lean on.

To be clear, there’s no indication Square’s working on in-store payments with Cash App.

But as both sides of the network continue to grow, it seems like only a matter of time before Square will work on a project to provide faster and lower-cost in-store payments with Cash App.

“I think both Cash App and the Seller business have an opportunity to strengthen each other. And we’re showing that off a little bit with Cash by Cash App, but there’s a lot more to come,” Dorsey said on the fourth-quarter call.

A big opportunity for Square’s bottom line

Investors shouldn’t overlook the opportunity for Cash App payments to merchants. Using the Cash App instead of processing a payment card allows Square to bypass the payment networks, saving nearly all of its costs of processing payments. Square requires Cash App users to load their digital wallet with a bank transfer, debit card, or direct deposit. All three have much lower costs than processing a credit card as PayPal does for most payments.

That’s an opportunity for Square to keep more of each payment for itself and help its merchants save on processing fees as well. More profitable payment processing for Square, less expensive processing for sellers, and more convenient payment options for consumers is a win-win-win.

And Square is well-positioned to drive adoption of any new payment service it launches thanks to Boost, which it’s been using to promote more and more Cash App features. Boost gives rebates to users for performing certain actions within Cash App like using the Cash Card at certain merchants or making a direct deposit.

Square is gearing up to take on PayPal’s core business. It has a lot of the pieces in place and the money to spend to take on the fintech giant.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

More reading

• Afterpay (ASX:APT) share price sinks despite new product launch
• How to invest in the Nasdaq Index on the ASX
• Revealed: 4 least profitable industries in Australia
• Afterpay (ASX:APT) share price wobbles on CommBank BNPL news
• Why ASX e-commerce shares could keep running higher in 2021

Adam Levy has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends PayPal Holdings and Square and recommends the following options: long January 2022 $75 calls on PayPal Holdings. The Motley Fool Australia has recommended PayPal Holdings. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The McGrath Ltd (ASX: MEA) share price has climbed 1.6% in early trade after a late afternoon announcement from the Aussie property management group on Tuesday.

Why is the McGrath share price climbing?

The McGrath share price is lifting after an update on its Oxygen Home Loans business (Oxygen). According to the release, the group has entered into a transaction “that will deliver enhanced scale and optimisation” of the Oxygen business.

Oxygen has raised an additional $2.5 million via a cash injection from a consortium. The consortium led by Doc Klotz, Ben Taylor and Sturt Capital Partners, will take a 55% controlling interest in Oxygen.

McGrath will reduce its interest in Oxygen to a 45 per cent shareholding in the hope of propelling further growth. The Aussie property group will also receive a cash payment in three years of $1.8 million.

The McGrath share price has jumped higher on the back of yesterday’s announcement. At the time of writing, shares in the property management group were trading at $0.65 per share.

McGrath will enter a referral agreement with Oxygen and retain one of three board seats. McGrath CEO Eddie Law said the transaction can “unlock the significant potential the merged business will deliver across our platform”.

“A more simplified process of writing loans will make it easier for our sales agents to facilitate mortgage delivery to buyers”, he added.

The McGrath share price has performed strongly in 2021, climbing 39.1 per cent year-to-date through to Tuesday’s close. That is a significant outperformance over many of its peers and well above the 2.6 per cent gain for the All Ordinaries Index (ASX: XAO).

At the time of writing, McGrath has a market capitalisation of $106.7 million and is trading at an 11.1 price to earnings (P/E) ratio.

Foolish takeaway

The McGrath share price has jumped higher in early trade following a late afternoon announcement yesterday.

McGrath will reduce its shareholding in Oxygen Home Loans while retaining a controlling stake and board seat.

More reading

• House prices flying, fixing your home loan, and where to find a job
• How housing policy and retiree wealth are shifting the super conversation
• ASX 200 Weekly Wrap: ASX 200 gets its mojo back
• Why is there no ASX All Ordinaries ETF?
• How is Australia’s jobs rebound affecting ASX shares?

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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When you’re young and first start investing you might focus on growth shares that provide you with the potential for outsized returns. Shares like Afterpay Ltd (ASX: APT) and Zip Co Limited (ASX: Z1P) immediately come to mind.

After all, if your investments don’t go to plan, you have time on your side to recover from your losses.

But as you enter retirement, it may be prudent to limit your exposure to these type of investments and focus on those that offer income and capital preservation.

With that in mind, I have picked out a couple of ASX shares that could be good options for retirees right now. They are as follows:

Goodman Group (ASX: GMG)

Goodman Group could be a good option for retirees. While its shares may not offer the biggest yield, the integrated commercial and industrial property group looks well-placed to grow its earnings and distribution at a solid rate over the next decade.

This is due to its exposure to a number of markets benefiting from structural tailwinds, such as the ecommerce market.

One broker that expects this to be the case is Macquarie. It recently upgraded its shares to a buy rating with a $20.39 price target. The broker believes Goodman can grow its earnings by at least 10% per annum through to FY 2024.

Its analysts are also forecasting a 30 cents per share distribution in FY 2021. This represents a 1.6% yield.

National Storage REIT (ASX: NSR)

National Storage is a leading self-storage focused real estate investment trust. It is one of the largest self-storage operators in the ANZ region with a network of over 200 centres. But it doesn’t plan to stop there. The company continues to see room to expand its network in the future via its development projects and growth through acquisition strategy.

This should support solid income and distribution growth over the next decade, especially given the improving housing market. This traditionally results in growing demand for its services as people move homes or downsize.

For now, management expects to report underlying earnings per share of 7.7 cents to 8.3 cents in FY 2021. It also plans to pay 90% to 100% of its earnings out to shareholders as distributions.

Based on the middle of this guidance range, its shares offer investors a forward 3.6% dividend yield.

More reading

• 2 top quality blue chip ASX shares to buy in April
• Why Brickworks (ASX:BKW) is a top class ASX dividend share
• Vanguard Australian Property ETF (ASX:VAP) announces dividend
• 2 of the best ASX 50 shares to buy in April
• Where to reinvest your Telstra (ASX:TLS) dividends

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Bod Australia Ltd (ASX: BDA) share price is on the run during early morning trade. This comes after the company announced its first purchased order for the United States market. At the time of writing, the cannabis healthcare company’s shares are swapping hands for 50 cents, up 5.26%.

What did Bod announce?

Investors are scrambling to buy Bod shares following its latest positive update in a bid to expand its revenue base.

According to this morning’s release, Bod advised it has received its initial binding purchase order from Health & Happiness Group. The first of multiple orders for the CBD products are set to be launched into the United States market. This also includes three full-spectrum CBD oil extracts under its premium brand name, CBII.

The products will be available to consumers directly through ecommercial channels sometime in the current first-half of the calendar year. Consequently, Health & Happiness will commence marketing and brand campaigns to create awareness and drive sales in the United States.

The maiden order is valued at $312,000, in which Bod will received a royalty on net product sales. In addition, a cost-plus margin for the supply of the finished goods is also set to create addition revenue streams for Bod.

Delivery of the first lot of CBD products is expected to arrive in the coming months.

The addressable market for CBD consumer products in the United States is estimated to reach around US$6.9 billion by 2025. This represents four times the size that of the United Kingdom’s CBD market.

Comments from the CEO

Bod CEO Jo Patterson commented:

The first US purchase order is an exciting step for Bod on two fronts, firstly as it’s growing our global footprint, and secondly the US offers a significant opportunity for consumer healthcare CBD products.

Bod will continue to work with H&H to progress additional opportunities in North America. We look forward to updating shareholders on more purchase orders soon.

About the share price

Over the last 12 months, the Bod share price has accelerated to more than 100%, but is relatively flat year-to-date. The company’s shares reached a 52-week high of 74 cents last December, before moving in circles.

Based on the current share price, Bod has a market capitalisation of roughly $50.2 million, with 105.8 million shares outstanding.

More reading

• Why the COSOL (ASX:COS) share price is running 6% higher
• Here’s why the NextDC (ASX:NXT) share price is racing higher
• Acquisitions and spin-offs put these 3 ASX shares on brokers’ “buy” list
• EML Payments (ASX:EML) share price jumps to record high on acquisition news
• The Australian economy will recover from COVID-19 this year, says IMF

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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