The Syrah Resources Ltd (ASX: SYR) share price is surging higher today after the company released its December quarterly report and presentation.

Shares in the miner are currently trading 7.9% higher, reaching a price of $1.30 at the time of writing.

Syrah is an Australia-based industrial minerals and technology company. Its two facilities include the Balama graphite project in Mozambique, which has suspended production since March 2020 due to impacts from the  COVID-19 pandemic on travel and workforce. The other, which is not yet operational, is the Vidalia facility in Indiana, the United States.

Why is the Syrah share price rising?

A number of points in the quarterly report may be contributing to the Syrah share price rise today.

Firstly, its US-based Vidalia project was significantly de-risked after completion of a bankable feasibility study. The study highlighted the project’s strong economics.

Syrah also achieved first production of active anode material (AAM) from the Indiana facility during the quarter. The AAM was produced to target specifications and dispatched to electric vehicle supply chain participants. These include Tesla Inc (NASDAQ: TSLA) and Nio Inc (NYSE: NIO).

In addition, the company is assessing a potential restart to production at the Balama facility. Syrah noted that any restart will not take place until 2-3 months after any announcement is made.

As a result, Syrah advised it “remains on track to become a vertically integrated producer of natural graphite AAM to service ex-Asia markets”.

While not currently producing graphite, Syrah aims to join ASX graphite producers such as Talga Group Ltd (ASX: TLG) and Novonix Ltd (ASX: NVX) in supplying both traditional graphite markets and emerging technology markets across the globe.

Market update

In today’s release, Syrah said graphite market conditions had improved once again in the quarter, with higher prices being observed.

Positive momentum in EV sales growth also continued during the quarter, which is a key leading indicator for natural graphite demand growth. The company noted that global EV sales grew 106% in the fourth quarter of 2020 and 89% year on year in H2 2020.

In addition, Syrah completed a $124 million capital raising during the quarter. As a result, its cash balance sits at US$75 million as of 31 December 2020.

Syrah will use the proceeds to progress its final investment decision regarding Vidalia for a large AAM plant. The funds will also be used for restarting Balama and general corporate purposes.

The Syrah share price smashed its 52-week high today, trading as high as $1.34. Despite falling back to $1.3, shares in the company are trading 127% higher for the year.

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Daniel Ewing 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 Tesla. 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 Imugene Limited (ASX: IMU) share price is on the rise today. This comes after the company received a successful outcome from the Cohort Review Committee (CRC) regarding its PD1-Vaxx immunotherapy.

PD1-Vaxx is a B-cell immunotherapy designed to treat tumours by producing polyclonal antibodies that block PD-1 signalling, causing an anti-cancer effect.

During mid-afternoon trade, the Imugene shares are up 9.5% to 12 cents.

First checkpoint passed

The Imugene share price is rising deeper into positive territory following the release.

According to Imugene, the CRC cleared the pathway for phase I clinical trials to be proceed with a higher dose of PD1-Vaxx.

Following patient data review, CRC unanimously decided that the immunotherapy candidate is safe with no dose-limiting toxicities or adverse reactions.

CRC advised that Imugene can now administer a stronger 50 micrograms ‘mid-dose’ level to patients in the first-stage clinical trial.

Originally, the company provided a dose of just 10 micrograms of PD1-Vaxx to participants as monotherapy during the initial study.

Imugene noted that clinicians from Australia and the United States will also look into the underlying benefits of PD1-Vaxx. This includes understanding if patients who are treated with the PD1-Vaxx as a monotherapy will prolong survival, delay tumour progression, or reduce tumour discomfort in patients with lung cancer.

Words from management

Imugene Managing Director and CEO, Ms. Leslie Chong, hailed the positive results, saying:

We are pleased with the results that we have seen so far with no observed toxicity. Everyone supporting the study who are involved in developing this important new cancer therapy are very encouraged by the progress to date. We look forward to continuing this study and reporting to the market of its progress.

About the Imugene share price

The Imugene share price has performed relatively well over the past 12 months, up over 228%.

Its shares reached a 52-week low of 1.6 cents before surging high in late 2020, recording an all-time high of 14 cents.

Based on the current share price, the company’s market capitalisation now presides at $545 million.

More reading

• Why did the Imugene (ASX:IMU) share price jump 5% this morning?

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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It has been a very positive day of trade for the AVZ Minerals Ltd (ASX: AVZ) share price.

After a brief trading pause, the lithium-focused mineral exploration company’s shares surged 13% higher to 21.5 cents.

Why is the AVZ Minerals share price racing higher?

The AVZ Minerals share price jumped higher today following the release of an announcement in relation to its Manono Project in the Democratic Republic of Congo.

According to the release, the company has completed a comprehensive independent greenhouse gas (GHG) assessment for the life of mine of its Manono Lithium and Tin Project.

The release explains that the GHG assessment, which was completed by leading global environmental and sustainability consultants, Environmental Resource Management (ERM), evaluated the estimated scope 11 and scope 22 emissions associated with all operations over the 20-year life of the Manono mine. This includes processing facilities and road transportation of the products.

Management notes that ERM’s findings show that the Manono Project could have one of the lowest carbon footprints of any global hard rock lithium miner.

This is primarily due to AVZ Minerals’ strategic location adjacent to the Mpiana Mwanga Hydro Electric Power Plant (HEPP). Once HEPP is refurbished, the company expects it to provide all of the Manono Project’s electricity requirements

AVZ’s Managing Director, Mr Nigel Ferguson, commented: “We will continue to strive towards improving our greenhouse gas emissions profile as we develop the world-class Manono Project. Ultimately, we want to see the electricity generated from the Mpiana Mwanga Hydro Electric Power Plant used to operate all our mining equipment, making the Manono Project a 100% ‘green’ mine.”

“Any surplus power may be provided into the national grid for use in the town of Manono. This will be a significant achievement for AVZ and everyone associated with the Manono Project, including our shareholders and our financiers,” he added.

AVZ Minerals isn’t the only lithium miner which aspirations of this kind. Vulcan Energy Resources Ltd (ASX: VUL) refers to itself as the first Zero Carbon Lithium producer.

The company is aiming to supply the lithium-ion battery and electric vehicle market in Europe, which is the fastest growing in the world. It believes its resource can satisfy Europe’s needs for the electric vehicle transition, from a zero-carbon source, for many years to come.

More reading

• Why Cleanaway, Crown, Pro Medicus, & Vulcan shares are tumbling lower
• Why Vulcan (ASX:VUL) and these ASX shares are smashing the market in 2021
• We have lift-off: Vulcan Energy (ASX:VUL) share price hits new heights
• What does the Biden administration mean for ASX shares? 
• Why the Vulcan Energy (ASX:VUL) share price is up 4,000% in 12 months

Motley Fool contributor James Mickleboro 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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Shares in Mosaic Brands Ltd (ASX: MOZ) are entering the stratosphere today after the company reported a positive trading update for the first half of FY21. During the first 30 minutes of trade, the Mosaic share price hit an intraday high of $1.19.

Some profit taking has, however, since led the company’s shares to retreat to $1.08 (at the time of writing), up 22.73% for the day so far.

What’s driving the Mosaic share price?

The Mosaic share price is shooting the lights out today after the clothing retailer advised it has returned to a path of profitability following a robust performance for the first half of FY21.

For the period ending 27 December, Mosaic delivered online sales growth of 31% on the prior corresponding period. This was attributed to the company seeing its largest ever lift in online trading over the Black Friday event. Sales jumped up by 100% compared to last year’s annual shopping day. Mosaic also reported it now offers more than 350,000 products online compared with 250,000 three months prior.

A strong Christmas trading period also followed the Black Friday event, leading the company to remain resilient despite COVID-19 renewed fears. While December sales were 4% lower than the  prior comparative term, Mosaic advised that its ongoing focus on improving margins resulted in only a 5.6% margin drop for the entire first half, when compared to the same time last year.

As a result of the improvement in trading conditions, the company expects earnings before interest, tax, depreciation and amortisation (EBITDA) to exceed market forecasts. It revealed that EBITDA is likely to come in between $40 million and $45 million, reflecting a 22% to 38% increase over the first half of FY20.

Mosaic highlighted that at the end of the calendar year, it had a healthy net cash balance of $65 million. This represents a huge uptick on the previous $4.5 million registered on the company’s books last December and is likely helping to drive the Mosaic share price higher today. 

What did the CEO say?

Mosaic CEO Mr Scott Evans hailed the favourable result, saying:

As stated in 2020 we are seeing profound and permanent shifts in the retail sector. We have moved swiftly to embrace this by realigning our rental costs, store footprint and rapidly building our online offer.

Mosaic share price in review

The Mosaic share price has been on the road to recovery over the last nine months. In March, Mosaic shares fell to an all-time low of 19.5 cents, after reaching as high as $1.84 in February.

Based on the current Mosaic share price, the company commands a market capitalisation of around $85 million.

More reading

• Here’s why the Saracen (ASX:SAR) share price is outperforming today
• 3 little-known ASX dividend shares offering big income
• Why the Mach7 (ASX:M7T) share price is surging 8% higher today
• Why the Tinybeans (ASX:TNY) share price has surged 20% higher today
• Why Cleanaway, Crown, Pro Medicus, & Vulcan shares are tumbling lower

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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The S&P/ASX 200 Index (ASX: XJO) is having a pretty decent day today, rising 0.59% at the time of writing to 6,810 points.

But the Saracen Mineral Holdings Limited (ASX: SAR) share price is doing one better. Saracen shares are currently up 2.18% to $5.15 a share.

Now that’s not the kind of outperformance to write home about. But, as they say, winning is winning.

So why are Saracen shares climbing today?

It would probably be due to a quarterly update this ASX gold miner released to the market just before open this morning. The data covers the quarter ending 31 December 2020.

Saracen reports strong production

This morning, Saracen told investors that gold production for the quarter came in at 155,122 ounces. Saracen achieved this with an all-in sustaining cost (AISC) of $1,224 (~US$950) per ounce.

That’s the highest quarterly production cost of the company’s last 4 quarters. In the previous quarter, Saracen reported an AISC of $1,169 per ounce.

Even so, the company reports that it is on track to meet its FY202 guidance of 600,000-640,000 oz of gold at an AISC of $1,300-1,400 per ounce. This guidance is broken down into 220-240Koz from the company’s 50% interest in the KCGM mine, 240-250Koz from the Carosue Dam project and 140-150Koz from Thunderbox.

In a development shareholders might find exciting, Saracen also announced that the company’s net cash now stands at $183 million.

That consists of $466 million in cash and liquid assets and $283 million of debts. This position is a significant improvement for the ASX gold miner, considering it’s net position was $21 million in debt just 9 months ago.

Saracen has committed $484 million in capital and exploration costs for FY2021.

In light of the rising gold price of the last year, Saracen reported that its ‘hedge book’ is “easing to ~20% of production over the next 3 year period”.

Saracen also commented on its upcoming merger with fellow ASX gold miner Northern Star Resources Ltd (ASX: NST).

Saracen reiterated that the shareholder vote on the matter was “virtually unanimous” (with 99.95% of shareholders voting in favour) and described the merger as a “flight to 2Moz”. The company’s nuptials with Northern Star are scheduled to be completed on 15 February.

If the merger goes ahead (as expected), Saracen also recommitted to paying a special and fully franked dividend of 3.8 cents per share.

More reading

• Why the Northern Star (ASX:NST) share price is charging higher
• 5 things to watch on the ASX 200 on Wednesday
• Here’s why the Newcrest (ASX:NCM) share price is underperforming
• 5 things to watch on the ASX 200 on Tuesday
• Think you saw growth in 2020? Just wait for 2021: fundie

Motley Fool contributor Sebastian Bowen 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 some little-known ASX dividend shares that offer investors big income yields.

Here are some of those businesses:

Pacific Current Group Ltd (ASX: PAC)

According to the ASX, Pacific Current has a market capitalisation of $321 million.

Pacific Current is an ASX dividend share that invests in fund managers from around the world. Some examples include GQG, its biggest investment, as well as the most recent investment called Astarte Capital Partners.

The company has been building on its growth from FY20 when underlying earnings per share (EPS) went up 18% to 51 cents and funds under management (FUM) grew 62% to $93 billion.

In the quarter ending 30 September 2020, Pacific Current’s funds under management (FUM) rose another 14% to $106.4 billion, largely driven by the continuing strong performance of fund manager GQG.

In FY20 Pacific Current grew its dividend by 40% to $0.35 per share.

Dean Fremder of Perpetual Limited (ASX: PPT) said when Pacific Current shares were a bit lower: “The stock’s really cheap. It is on nine times earnings. It’s growing earnings at double digits, so more than 10% a year. It’s paying a 6.5% fully franked yield. And most excitingly, we think they can pay out a much larger portion of their earnings as dividends. We see no reason, given the surplus franking credits they have on the balance sheet, they can’t be paying a 10 or 11% fully franked yield in the next 12 months. So, really excited about that one.”

Adairs Ltd (ASX: ADH)

Adairs is one of the country’s largest home furnishings and home decoration products. It operates both the Adairs and Mocka businesses. According to the ASX, Adairs has a market capitalisation of $654 million.

Last month Adairs gave a trading update for the first 23 weeks of FY21 as well as providing guidance for sales and earnings before interest and tax (EBIT) for the half-year result.

The ASX dividend share said that total sales for the 23 weeks were up 23.4%, with Adairs online sales going up 99.7%. Mocka sales were up 45.1%. Online sales represented 39% of total sales, compared to 20% for the same period last year.

In the first half of FY21, Adairs is expecting total sales to be in a range of $235 million to $245 million, up from $179 million in the prior corresponding period.

Adairs currently has a trailing grossed-up dividend yield of 4.2%.

Nick Scali Limited (ASX: NCK)

Nick Scali is another business in the home and furniture space that is seeing elevated demand during these strange times. According to the ASX, Nick Scali has a market capitalisation of $865 million.

In the first half of FY21, Nick Scali is expecting net profit after tax (NPAT) to be $40.5 million, which would be an increase of around 100%, despite COVID-19. Total written sales orders grew by 45% in the first quarter of FY21 and grew 58% in the second quarter.

Nick Scali increased its FY20 final dividend by 12.5% because of the sales orders in the first half of FY21. That brought the Nick Scali full year dividend to 47.5 cents per share.

The ASX dividend share’s sales order book was at an all-time high at 31 December 2020 and this is expected to translate to material revenue and profit growth in the second half of FY21.

At the current Nick Scali share price it has a trailing grossed-up dividend yield of 6.5%.

More reading

• Got money to invest? Here are 3 ASX shares to buy
• 3 ASX dividend shares with large yields and consistent payouts
• What’s in store for the ASX tech sector in 2021?
• What does 2021 hold for ASX retail shares?
• 3 secret ASX dividend shares with large yields

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends ADAIRS FPO. The Motley Fool Australia has recommended ADAIRS 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 Mach7 Technologies Ltd (ASX: M7T) share price is surging higher on Thursday.

In afternoon trade the enterprise imaging platform provider’s shares have jumped 8% to $1.31.

This leaves the Mach7 share price trading within touching distance of its record high of $1.36.

Why is the Mach7 share price surging higher?

Investors have been buying Mach7’s shares today after it released its second quarter update.

According to the release, the company achieved record cash receipts of $4.25 million for the quarter. This was up 13% from $3.76 million during the first quarter of FY 2021.

This was driven by a 130% increase in sales orders compared to the first quarter. Sales orders for $7.6 million in new contracts (total contract value) were generated during the period. This took its half year sales orders to $10.9 million, up 17% on the prior corresponding period.

Pleasingly, management is expecting its cash receipts to remain strong in the third quarter given its new larger customers.

Another positive was that the company’s operating payments (net of interest received and government rebates) for the quarter came in at $4.57 million. This was down from $5.58 million during the first quarter and led to the company reporting an operating cash outflow of $0.32 million for the quarter.

Management advised that its cash payments for general operating expenses are expected to continue to fall as the full effect of operating synergies from the recent acquisition of Client Outlook are recognised.

At the end of the quarter, Mach7 was in a strong financial position with $14.4 million cash on hand and no debt. This takes into account a payment of $2.7 million that was made to the sellers of Client Outlook $2.7 million for the working capital remaining in the business at acquisition date.

No guidance was given for the second half. However, management intends to provide investors with a full business update when it releases its half year results on 18 February.

More reading

• 2 fantastic ASX healthcare shares to buy
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• Wilson Asset Management thinks these 2 small cap ASX shares are a buy
• 2 growing small cap ASX shares to watch in 2021
• 2 small cap ASX healthcare shares to watch

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 and recommends MACH7 FPO. The Motley Fool Australia has recommended MACH7 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 Tinybeans Group Ltd (ASX: TNY) share price has taken off this morning after the company announced its quarterly update. Shares in the communication platform are currently trading 20.74% higher, at a price of $1.63.

Why is the Tinybeans share price soaring

In today’s release, Tinybeans announced strong revenue growth and earnings before interest, tax, depreciation and amortisation (EBITDA). In addition, the technology platform that connects parents with loved ones, noted it was operating cash flow positive for the first time in its history.

Revenue for the second quarter reached a record high of $3.13 million, an increase of 157% on the same period last year. Driving the growth was advertising revenue, which rose 223% on last quarter. Moreover, the company noted that all revenue lines exceeded expectations, with the quarter delivering records across advertising, subscription, e-commerce and printing.

However, the company did emphasise that it does not expect advertising revenue to remain at this level moving into the third quarter. This is as a result of annual budgets being reset in the new year.

EBITDA came in at -$124,000, which was a 63% increase on Q1. This number turns positive ($809,000) when the company’s growth investments are excluded.

Nonetheless, it was the company’s free cash flow metric that stole the show. For the first time since the business started operations in 2012, Tinybeans reported positive free cash flow. Net operating cash flow was $96,000 for the quarter, compared to the $675,000 outflow the quarter prior.

Management comments

Tinybeans CEO Eddie Geller welcomed the results, saying:

I’m thrilled to report a record quarter of strong growth. This is despite COVID-19 disruptions to our operations and to our brand partners. The first half of our financial year has delivered outstanding results across all aspects of the company.

User engagement grew hitting 4.8 million monthly active users, growth of 21% on the last quarter, whilst revenue hit an all-time high of $3.1 million, delivering further growth of 25% compared to the previous quarter.

Today’s jump in the Tinybeans share price delivers the company a market capitalisation of $75.2 million.

More reading

• Why Cleanaway, Crown, Pro Medicus, & Vulcan shares are tumbling lower
• ASX 200 up 0.65%: Zip update impresses, Netwealth rockets, Cleanaway dumped
• Why Amazon.com stock just popped
• Why the Cleanaway (ASX:CWY) share price is plummeting today
• Why Megaport, Netwealth, PointsBet, & Zip shares are racing higher

Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Tinybeans Group Ltd. The Motley Fool Australia has recommended Tinybeans Group Ltd. 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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In afternoon trade the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and stormed higher. At the time of writing, the benchmark index is up 0.6% to 6,811.6 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are tumbling lower:

Cleanaway Waste Management Ltd (ASX: CWY)

The Cleanaway share price is sinking 8% lower to $2.39. This morning the waste management company announced the exit of its CEO, Vik Bansal. According to the release, the board and Mr Bansal mutually agreed that it was the right time for Cleanaway to move forward under new leadership. Mr Bansal came under pressure last year amid allegations of misconduct in the workplace.

Crown Resorts Ltd (ASX: CWN)

The Crown share price is down 2.5% to $10.00. This appears to have been driven by a broker note out of Credit Suisse this morning. According to the note, its analysts have downgraded the casino and resorts operator’s shares to a neutral rating with a $10.35 price target. The broker made the move largely on valuation grounds after a strong recovery by the Crown share price since the start of November.

Pro Medicus Limited (ASX: PME)

The Pro Medicus share price has fallen 3% to $40.73. This decline appears to be due to profit taking from some investors following a stellar rise in recent weeks. In fact, prior to today, the Pro Medicus share price was up approximately 20% since the start of FY 2021. This was driven by a major contract win with Intermountain Health in the United States.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan share price has sunk 18% lower to $7.93. This also appears to have been driven by profit taking from investors. Which isn’t overly surprising because, as I wrote here earlier, this lithium-focused mineral exploration company’s shares were up 250% in 2021 prior to today. Investors have been buying Vulcan’s shares amid excitement around its Zero Carbon Lithium Project in the Upper Rhine Valley of Germany.

More reading

• ASX 200 up 0.65%: Zip update impresses, Netwealth rockets, Cleanaway dumped
• Why the Cleanaway (ASX:CWY) share price is plummeting today
• Why Vulcan (ASX:VUL) and these ASX shares are smashing the market in 2021
• 2 star ASX shares to buy this week
• Kogan (ASX:KGN) pays price for illegal emails

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 Kogan.com ltd. The Motley Fool Australia has recommended Crown Resorts Limited and Kogan.com ltd. 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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At lunch on Thursday the S&P/ASX 200 Index (ASX: XJO) is on course to record another solid gain. The benchmark index is currently up 0.65% to 6,814.4 points.

Here’s what has been happening on the market today:

Zip update impresses

The Zip Co Ltd (ASX: Z1P) share price is rocketing higher today in response to the release of its second quarter update. The buy now pay later provider delivered a 103% increase in transaction volume to a record $1.6 billion for the quarter. While both the ANZ and US businesses performed positively, the latter was arguably the star of the show. Zip’s US-based QuadPay business recorded a 217% increase in transaction volume to $673.1 million. It also reported a 180% lift in customer numbers to 3.2 million and a 655% jump in merchants to 8,400 in the key market.

Netwealth growing strongly

The Netwealth Group Ltd (ASX: NWL) share price is also surging higher following the release of its second quarter update. As with Zip, the investment platform provider’s strong form has continued during the quarter. It reported a 14% or $4.8 billion quarter on quarter increase in its funds under administration (FUA) to $38.8 billion. In light of this strong form, management has upgraded its FY 2021 FUA inflow guidance to be in the range of $8.5 billion to $9 billion. This compares to its previous guidance of $8 billion.

Cleanaway CEO steps down

The Cleanaway Waste Management Ltd (ASX: CWY) share price is sinking lower today after it announced the exit of its CEO, Vik Bansal. According to the release, the board and Mr Bansal mutually agreed that it was the right time for Cleanaway to move forward under new leadership. Mr Bansal came under pressure last year amid allegations of misconduct in the workplace.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Thursday has been the Zip share price with an 11% gain following its update. The Netwealth share price is close behind with a 10.5% gain following its release. The worst performer with a 7% decline has been the Cleanaway share price. This follows the aforementioned resignation of its CEO.

More reading

• Why the Cleanaway (ASX:CWY) share price is plummeting today
• Why Megaport, Netwealth, PointsBet, & Zip shares are racing higher
• Why the Netwealth (ASX:NWL) share price zoomed 10% higher today
• Zip (ASX:Z1P) share price surges 8% higher on explosive Q2 growth
• 5 things to watch on the ASX 200 on Thursday

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 Netwealth and ZIPCOLTD FPO. 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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