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The Nuix Ltd (ASX: NXL) share price is flying higher today after the intelligence software company conducted its investor day presentation.

At the time of writing, Nuix shares are swapping hands for $3.51 – an increase of 11.78%.

It seems investors are eyeing a glimmer of green following an extended timeline of disappointment and doubts. Comments addressing these issues head-on in the presentation have been met with optimism.

Let’s look at what is moving the company’s shares.

Stormy Nuix share price backdrop

Beginning as one of the hottest initial public offerings (IPOs) last year, this fairytale story evolved into a shareholder nightmare. The potential growth story had investors excited, with many believing Nuix could be the next big Australian technology company.

Hopes began to shatter when the company announced its results for the first half of FY21 on 26 February. Statutory revenue was down 4% to $85.3 million, while profit after tax dropped 20.4% to $9.5 million.

The disappointment was only compounded when Nuix revised its guidance for FY2021 on 21 April. Due to a shift from module-based subscriptions to software-as-a-service (SaaS) licenses, Nuix downgraded its forecasts. Controversially, this occurred only 6 weeks after reaffirming guidance to shareholders.

The reaction was what you’d expect from shareholders jostled around by conflicting statements. Shares in the intelligence software provider plummeted 16%. The Nuix share price had been gradually falling following the downgrade.

A joint investigation by The Sydney Morning Herald, The Age, and The Australian Financial Review released 17 May 2020 added to shareholder distrust. The publications mostly discussed Nuix founder, Tony Castagna.

Although Castagna left the Nuix board prior to its ASX float, the publications pointed out that Castagna’s involvement and history were not disclosed in the prospectus. For those unaware, Castagna was acquitted of charges relating to tax fraud and money laundering in 2019.

Nuix CEO addresses the elephant in the room

With so much speculation and controversy swirling, today’s investor presentation had a lot hanging over its head. The weight of the market’s discontent was a heavy stone that CEO Rod Vawdrey did not want to leave unturned.

In a show of accountability, Vawdrey commented on the lack of communication and business priorities, “That’s on us, that’s our bad. Building trust with you, our investors really is our top priority. I take full responsibility for the performance of the business.” He added, “For those investors big and small who have been impacted in the last few months, I’m incredibly sorry.”

The remarks have been well received by the market. The Nuix share price is on track for its best day since 23 April.

More reading

• Why Aristocrat Leisure, Creso Pharma, Nuix, & Resolute are charging higher
• ASX 200 up 0.6%: James Hardie Q4 update, St Barbara sinks, Nuix jumps
• ASX 200 rises, Nuix drops, Elders falls
• Here’s why the Macquarie (ASX:MQG) share price sank 5% today
• Why the Nuix (ASX:NXL) share price just hit its lowest level ever

Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Nuix Pty Ltd. The Motley Fool Australia has recommended Nuix Pty 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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The Charter Hall Long WALE REIT (ASX: CLW) share price is in a trading halt this morning.

The real estate investment trust (REIT), managed by Charter Hall Group (ASX: CHC), requested the halt this morning pending several announcements.

We take a look at those below.

Why did CLW request a trading halt?

The Charter Hall Long share price was paused today prior to the company announcing 4 property acquisitions. In addition, Charter Hall Long announced an accelerated capital raising to fund the purchases.

Charter Hall also reported that it has entered into agreements to acquire 50% interests in 3 suburban office assets. All with a long weighted average lease expiry (WALE) and a long WALE convenience retail property.

Furthermore, the total purchase price of the 4 properties is $415.4 million. According to the release, that reflects a passing yield of 5.2%. The combined acquisitions have a WALE of 9.2 years.

The 4 acquisitions are:

• the Services Australia Building in Tuggeranong, ACT for $153.0 million
• the Australian Taxation Office (ATO) Building in Box Hill, VIC for $115.0 million
• the Red Cross Building in Alexandria, NSW for $79.5 million
• the ATO Building in Albury, NSW for $42.5 million.

The company also reported it has settled the acquisition of a 100% interest in an Ampol-anchored convenience retail property in Queensland for $25.4 million.

The new acquisitions will be partly funded by a roughly $250 million fully underwritten accelerated non-renounceable entitlement offer.

New shares will be issued at $4.65. That’s 3.4% below yesterday’s closing price of $4.81 per share. Charter Hall Group has also committed to taking up its full entitlement of approximately $29 million.

Management commentary

Commenting on the acquisitions, Avi Anger, fund manager of CLW said:

The acquisitions of these modern, long WALE properties reinforces the REIT’s strategy of acquiring high quality properties with long leases to strong tenant covenants. The properties are diversified across the Eastern Seaboard and support the provision of essential government, life sciences and convenience retail services.

The acquisitions are 75% leased by income to the Commonwealth Government and will increase CLW’s exposure to government tenants from 16% to 21%. The acquisitions weighted average rent review of 3.6% is accretive to CLW’s portfolio weighted average rent review and supports the REIT’s secure and growing income profile.

Charter Hall share price snapshot

The Charter Hall share price is up 20% over the past 12 months, lagging the 29% gains posted by the S&P/ASX 200 Index (ASX: XJO). Furthermore, year-to-date, the REIT’s shares have gained 3%.

More reading

• 2 ASX dividend shares to buy with yields above 5%
• 2 ASX dividend shares to buy in May 2021
• Charter Hall (ASX:CHC) share price flat on upgraded earnings guidance
• 3 ASX shares that keep growing the dividend every year

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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At lunch on Tuesday, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. The benchmark index is currently up 0.6% to 7,066.2 points.

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

James Hardie results

The James Hardie Industries plc (ASX: JHX) share price is tumbling lower today following the release of its fourth quarter results. For the three months ended 31 March, the company reported a 20% increase in sales to US$807 million and a 44% jump in adjusted net income to US$124.9 million. This led to its full year sales coming in 12% higher year on year at US$2,908.7 million, with adjusted net income rising 30% to US$458 million. This appears to have fallen short of the market’s expectations.

St Barbara downgrades guidance

The St Barbara Ltd (ASX: SBM) share price is crashing lower today after downgrading its production guidance and increasing its cost guidance. Due to issues at its Leonara and Simberi operations, consolidated production is expected to be between 330,000 and 360,000 ounces in FY 2021. This compares to its previous guidance of 370,000 to 380,000 ounces. Whereas its all-in sustaining costs (AISC) is expected to be A$1,547 and A$1,695 per ounce, up from between A$1,440 and A$1,520 per ounce.

Nuix share price rebounds

The Nuix Ltd (ASX: NXL) share price is rebounding on Tuesday following the release of its investor update. The analytics company used the event to apologise to shareholders over a series of failings since its IPO at the end of last year which has led to its share price collapsing. Nuix advised that it will be reviewing its governance in light of the missteps.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Tuesday has been the Nuix share price with a 9% gain following the investor day event. Whereas the worst performer has been the St Barbara share price with a sizeable 8.5% decline after downgrading its guidance.

More reading

• Latest 2 ASX shares to be upgraded by brokers to “buy” today
• St Barbara (ASX:SBM) share price crashes 10% on guidance downgrade
• South32 (ASX:S32) increases capital returns by $258m and sets climate goals
• Why the Commonwealth Bank (ASX:CBA) share price is in the spotlight today
• James Hardie (ASX:JHX) share price on watch after strong Q4 result

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Nuix Pty Ltd. The Motley Fool Australia has recommended Nuix Pty 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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As the market inches closer to resetting its record high, brokers still see value among select ASX shares and have just upgraded these two to “buy”.

The S&P/ASX 200 Index (Index:^AXJO) added 0.7% this morning to 7,070 points. It’s within striking distance to the 7,139 peak that it set in February last year before COVID-19 triggered a market meltdown.

Fuelled-up for a broker upgrade

While ASX value buys are harder to find these days, the Ampol Ltd (ASX: ALD) share price could be one of the exceptions.

This is despite the fact that the Ampol share price is adding another 1.2% to a four-month high of $27.85 at the time of writing. The morning’s gain in on top of the circa 6% surge it enjoyed yesterday after it got a big government handout to keep its Lytton refinery operating.

Strategic value unlocks “buy” upgrade for this ASX share

Morgan Stanley upgraded the Ampol share price to “overweight” from “equal-weight” after the government announced a package to protect Australia’s fuel security.

“The newly announced refinery support package reduces the earnings volatility for the company at a time when global refinery margins are starting to increase,” said the broker.

“We think the business is well positioned for an earnings recovery as driving volumes continue to increase and jet fuel demand gradually increases as domestic air travel rebounds.”

Morgan Stanley increased its 12-month price target on the Ampol share price to $31.70 from $30 a share.

Increasing production to meet strong demand

Another that is outperforming the market today is the Pilbara Minerals Ltd (ASX: PLS) share price.

Canaccord Genuity upgraded the Plibara share price to “buy” from “hold”, which coincided with the ASX share jumping 3.7% to $1.12 at the time of writing.

The broker’s bullish turn comes as it accesses the impact of the commissioning of the Ngungaju plant and the ramp up in full production from 2022.

Powering up

Pilbara is a lithium miner and processor. The production increase comes at a time when investors are feeling very bullish about the outlook for batteries.

“Given strong demand, we think this may result in further price pressure, as converters who are short feedstock bid prices up,” said Canaccord.

“PLS is investigating a move down the value chain by producing a midstream lithium sulphate product. This may deliver greater margins and reduce the overall hard rock supply.”

Canaccord’s 12-month price target on the Pilbara share price increased to $1.45 from $1.15 a share.

More reading

• ASX 200 up 0.6%: James Hardie Q4 update, St Barbara sinks, Nuix jumps
• South32 (ASX:S32) increases capital returns by $258m and sets climate goals
• Why the Commonwealth Bank (ASX:CBA) share price is in the spotlight today
• 5 things to watch on the ASX 200 on Tuesday
• ASX 200 rises, Nuix drops, Elders falls

Motley Fool contributor Brendon Lau 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 Spirit Technology Solutions Ltd (ASX: ST1) share price has lifted today after the company announced a positive trading update.

Spirit is an IT and telecommunications provider with a range of product and service offerings including traditional internet products, managed IT services and cloud-based business solutions. 

At the time of writing, the Spirit share price is up 2.90%, trading at 35.5 cents.

Spirit share price higher on record growth, integration

Today, the company reported “very strong growth again in FY21” with a 150% increase in recurring and S&P (solutions and projects) revenue to $35.7 million between January and April this year. Recurring revenue increased 94% year-on-year to $16.6 million, while S&P revenue growth surged 224% to $19.1 million. 

Spirit notes the strong Jan-April growth represents an 8% increase off the seasonally high September-December 2020 period. September to December was further boosted by a school infrastructure renewal project, while January typically represents a quieter B2B holiday period followed by the Easter holidays. 

On the lookout for merger and acquisition (M&A) opportunities, Spirit has acquired some 13 cloud, IT and telecommunications companies in the last two years. With so many different companies coming under the Spirit brand and business, integration represents an integral part of maximising the value of its acquisitions.

Spirit’s update highlights that 8 of 13 companies are completely integrated across people, systems, processes and brand. By June, 10 of 13 companies will be integrated with only Reliance, and recent purchases of Intalock and Nexgen remaining.

From a technology perspective, the company has decommissioned 35 of 45 systems across the acquisitions, with 29 of 45 scheduled integration events completed. 

The Spirit share price so far 

Spirit has marked 10 consecutive quarters of recurring revenue growth to March 2021 alongside numerous growth accretive acquisitions. However, the Spirit share price has stayed level since August 2020.

The company is in its early days of profitability, delivering a net profit of $508,117 in the first half of FY21. Despite the lack of recent share price upside, Spirit remains confident of achieving organic revenue growth through the integration of its acquisitions, building its product portfolio and national expansion. 

More reading

• Why the Creso Pharma (ASX:CPH) share price is on fire today
• Why the Meridian Energy (ASX:MEZ) share price is sliding
• Here’s why the Imugene (ASX:IMU) share price is jumping 5% today
• Exec jailed for ASX share market manipulation
• Here’s why the Rhythm (ASX:RHY) share price is soaring 8% today

Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of SPIRIT TC FPO. The Motley Fool Australia has recommended SPIRIT TC 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 Creso Pharma Ltd (ASX: CPH) share price is on fire today. Shares are up 8% at the time of writing, having earlier posted intraday gains of more than 10%.

Below we take a look at the latest product announcement from the ASX cannabis share.

What product announcement did Creso make?

Creso Pharma’s share price is surging today after the company reported it has finalised the development of its patented anibidiol-swine product. Comprised of hemp flour and oat bran, the product is intended as a complementary feedstock for pigs.

And as Creso reports, there are a lot of pigs in the world, with some 700 million animals globally and roughly 150 million in Europe alone.

The company said it will initially focus on its established animal health partners in Europe and Latin America. It expects first sales of anibidiol-swine – largely to vets, livestock feed shops and online – to commence during the second half of the 2021 calendar year.

According to the release, the swine feed market is forecast to grow to US$148 billion (AU$$189 billion) by 2027.

Commenting on the new product, Creso Commercial and Development Director, Gian Trepp said:

anibidiol-swine was developed to address the large need expressed by farmers for an effective, natural and plant based complementary feed to support the reduction of stress and swine tail biting.

The development follows considerable work undertaken by the Creso Pharma team and we are very pleased to have this product ready for launch on a global basis. We anticipate that the launch will provide access into another lucrative vertical for the company and contribute to the company’s growing revenue streams.

Atop the discomfort, tail biting can also reduce the value of pigs at slaughter.

Creso Pharma share price snapshot

Creso Pharma shareholders have enjoyed a profitable year, with shares up 131% over the past 12 months. By comparison, the All Ordinaries Index (ASX: XAO) is up 32% over that same time.

Year-to-date the Creso Pharma share price has retraced, currently down 10%.

More reading

• Creso Pharma (ASX:CPH) share price sinks 9% on update

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 Meridian Energy Ltd (ASX: MEZ) share price is sliding in morning trade, down 1.4%.

Below we take a look at how New Zealand’s largest sustainable electricity generator fared in April.

What did Meridian report for April?

Meridian Energy’s share price is moving lower even though the company reported a 15.4% increase in national electricity demand compared to April 2020, when New Zealand was under strict COVID lockdowns.

Meridian, which relies heavily on hydropower, also revealed that in the month to 14 May, the somewhat depleted national hydro storage increased from 59% to 67% of its historical average.

But not all parts of its New Zealand operations gained. While hydro storage on South Island ramped up to 71% of the historical average, North Island saw water levels fall, with hydro storage sinking to 35% of the average by 14 May 2021. The company said that April was warmer and drier than average across much of the nation.

Reflecting the reopening of the country following largely successful virus suppression, Meridian reported that its April New Zealand retail sales volumes increased 36.9% year-on-year.

Breaking that down into segments, sales to small and medium-sized business (SMBs) leapt 91.7%, while large business sales increased 12.8% and corporate was up 39.9%. Agricultural sales grew strongly too, up 63.5%.

With more people returning to the office or simply out and about outside their homes, Meridian’s residential sales segment decreased 2.3% compared to April 2020.

Both its energy supply costs and the price it received for power generation climbed steeply year-on-year. Meridian reported an 87.9% increase in the price it received while its costs to supply customers shot up 88.8%.

Power generation in Australia also increased, up 23.1% from April 2020. Meridian said that came from lower levels of wind generation and more hydro generation.

Meridian Energy share price snapshot

The Meridian Energy share price remains up 11% over the past full year, trailing the 29% gains posted by the S&P/ASX 200 Index (ASX: XJO).

2021 hasn’t been as kind to shareholders.

After hitting an all-time closing high of $8.64 on 8 January, shares have fallen hard as some major institutional holders sold their stakes and retail investors digested the company’s performance. That’s seen the Meridian Energy share price fall 30% year-to-date, and sink 43% since 8 January.

More reading

• What’s been happening with ASX renewable energy shares lately?
• Why the Meridian Energy (ASX:MEZ) share price is falling

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 Imugene Limited (ASX: IMU) share price is leaping higher today on the back of news the immuno-oncology company has entered into a licensing agreement.

The agreement will see Imugene licensing the patents for a novel combination immunotherapy targeting cancer cells.

At the time of writing, the Imugene share price is trading 5.3% higher than yesterday’s close, with shares in the company swapping hands for 34.75 cents.

Let’s take a closer look at the announcement Imugene made this morning.

Cancer therapy licensing agreement

Imugene has entered into a licensing agreement with City of Hope, an independent cancer research and treatment centre. The technology under the license is an extension of chimeric antigen receptor (CAR) T cell cancer therapy.

According to Lymphoma Australia, CAR T cell therapy uses a person’s T cells, which are a type of white blood cell, to attack cancer cells. CAR T cell therapy makes a person’s white blood cells attracted to CD19 protein, which is found on the surface of some types of cancer cells. The white blood cells can then attack the cancer.

As solid tumours don’t naturally produce CD19, they can’t currently be treated with CAR T cell therapy.

Under the licensing agreement, Imugene will license City of Hope’s CD19 therapy. The therapy is a CAR T cell therapy using City of Hope’s oncolytic virus, onCARlytics.

OnCARlytics has so far been successful in making solid tumours produce the CD19 protein.

Imugene states that targeting solid cancers with T cell therapy is the technology’s “holy grail”, as current Federal Drug Administration (FDA) approved CD19 CAR T drugs only work to treat blood cancers.

The first clinical trial is expected to start next year. Within it, onCARlytics will be combined with CAR T therapy to target solid tumours.

The trial will test the safety and efficacy of the treatment combination in humans.

So far, researchers at City of Hope have been able to successfully use onCARlytics to produce CD19 in triple-negative breast, pancreatic, prostate, ovarian, head and neck, and brain cancer cells. They have also successfully combined onCARlytics with CAR T cell therapy in mice studies. The findings included a significant number of mice being cured of cancer with prolonged protective anti-tumour immunity.

Commentary from management

Imugene’s managing director and CEO Leslie Chong commented on the therapy. She said:

The CAR T cell field currently only treats ~10% of all cancers such as blood or liquid tumours, whereas this technology has the potential to open up the solid tumour market.

Imugene share price snapshot

The Imugene share price is having a fantastic year so far on the ASX, with today’s news bringing its latest boost.

Currently, the Imugene share price has gained around 240% since the start of 2021. It’s also up a whopping 1,033% since this time last year.

The company has a market capitalisation of around $1.6 billion, with approximately 4.7 billion shares outstanding.

More reading

• Here’s why the Imugene (ASX:IMU) share price opened 8% higher today
• Why Corp Travel Management, Imugene, MoneyMe, & Syrah are pushing higher

Motley Fool contributor Brooke Cooper 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 chief financial officer of formerly ASX-listed company Traditional Therapy Clinics Limited has been sentenced to 1 year and 10 months imprisonment for stock market manipulation.

The NSW District Court also ordered Zhonghan Wu to serve 2 years and 6 months of a community corrections order for fraud convictions.

The sentencing was the result of an Australian Securities and Investment Commission (ASIC) investigation into Traditional Therapy Clinics shares immediately after it listed on the ASX in 2015.

The initial public offering (IPO) had raised $15 million for the business, at 50 cents per share.

Trying to keep the shares above IPO price

Wu, who is also known as John, executed transactions through multiple broking accounts as soon as Traditional Therapy Clinics was listed on the bourse.

According to ASIC, he was trying to artificially keep the stock above the IPO price.

“Mr Wu carried out and attempted to carry out multiple share transactions in TTC shares using four different trading accounts. The trading had the effect of creating an artificial price for TTC shares on the Australian Securities Exchange (ASX),” the watchdog stated.

“When trades in one trading account were rejected for suspicious trading, Mr Wu would use another trading account to continue trading in TTC shares.”

Judge Mark Buscombe found Wu’s trading “undermined the integrity of the market”. The judge added that the executive knew his “brazen campaign of price manipulation” was “wrong and illegal”.

Traditional Therapy Clinics was delisted in 2018 after it went into administration.

Loan fraud on Commonwealth Bank

Wu’s sentencing to community corrections order was for pleading guilty to fraud on a separate matter.

ASIC alleged that in 2012 and 2015 Wu was granted loans from Commonwealth Bank of Australia (ASX: CBA) totalling $550,000.

The CFO was later found to have submitted “false and misleading” documents to the bank in support of his loan applications.

Wu, who is out on bail, was ordered to undergo an Intensive Correction Order assessment. The result will be considered in the NSW District Court on 2 July to determine the exact nature of his imprisonment.

More reading

• Leading brokers name 3 ASX shares to sell today
• Why the Commonwealth Bank (ASX:CBA) share price is in the spotlight today
• Is there more upside to the CBA (ASX:CBA) share price following recent results?
• Why I’m loving this ASX bank share at the moment: fundie
• ASX 200 Weekly Wrap: After record high, ASX dips on inflation fears

Motley Fool contributor Tony Yoo 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 Rhythm Biosciences Ltd (ASX: RHY) share price is on the run following the company’s strategic update to FY22.

During early morning trade, Rhythm shares are swapping hands for $1.045, up 8.8%.

Rhythm moves ahead with strategic plans

Investors appear to be pleased with the company’s progress to commercialise its cancer detection technology, ColoSTAT, driving Rhythm shares higher.

In its announcement, Rhythm highlighted a number of activities that it is moving forward to launch ColoSTAT into global markets.

The first of its listed strategic initiatives is to accelerate United States market entry for ColoSTAT. The company has incorporated a wholly-owned entity to cement its foothold in the country to carry operations out smoothly. The initial pathway stages to obtain market approval from the United States Food and Drug Administration (FDA) has already commenced.

In addition, Rhythm has expanded its platform by setting up an Australian entity to hold its technology within. The company validated initial data that its lead biomarker has a global market opportunity for cancer diagnostics.

Regulatory entry in both Europe (CE Mark) and Australia is advancing ahead of completion in its ColoSTAT Study 7. CE Mark filing is slated for late 2021, and the Australian Therapeutic Goods Administration (TGA) has begun the regulatory approval process.

Lastly, the company is looking at further market entry strategies in Europe, Australia, New Zealand, China, and broader Asia. Further updates in regards to this are expected to be released to the ASX in the coming months.

Notably, the company is targeting its first revenue for late 2022.

Comments from the CEO

Rhythm CEO, Mr. Glenn Gilbert commented:

Following the exceptional ColoSTAT performance results from Study 6 and the LRF algorithm enhancement work, this has given the company confidence to now accelerate the execution of our commercial strategy, focusing on our path to market activities.

ColoSTAT will transform the global mass-market cancer diagnostic market, with exciting and positive impacts at a social and economic level.

About the Rhythm share price

The Rhythm share price has been one of the best performers over the last 12 months, rising more than 1,000%. The company’s shares were trading at 6.3 cents in June before accelerating later that year.

It’s worth noting that the Rhythm share price is trading just below its all-time high of $1.675, reached in March.

More reading

• Rhythm (ASX:RHY) share price surges 10% on ColoSTAT results

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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