In late morning trade the S&P/ASX 200 Index (ASX: XJO) has bounced back from yesterday's weakness and is storming higher. At the time of writing, the benchmark index is up 1.25% to 6,690.3 points.
Four shares that are climbing more than most today are listed below. Here's why they are racing higher:
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Atomos Ltd (ASX: AMS)
The Atomos share price has jumped 11% to $1.09. Investors have been buying the global video technology company's shares after the release of a trading update. That update revealed that Atomos achieved sales of $32.6 million during the first half. This was well ahead of its previous guidance of ~$28 million. Management advised that sales momentum in the later months of the half accelerated after its customers adjusted to a new COVID norm.
BOD Australia Ltd (ASX: BDA)
The Bod Australia share price has surged 11.5% higher to 48 cents. Investors have been buying the medicinal cannabis company's shares after it reported strong sales growth. According to the release, Bod filled a total of 3,941 MediCabilis prescriptions during the last six months. This marks a 91% increase on the previous six months and a 114% increase on the prior corresponding period. Bod has now filled over 8,000 MediCabilis prescriptions since July 2019.
Galaxy Resources Limited (ASX: GXY)
The Galaxy share price is up a further 7% to $2.82. This lithium miner's shares have been on fire over the last few months after lithium prices improved. In fact, an update by rival Pilbara Minerals Ltd (ASX: PLS) on Wednesday revealed that the Platts Battery Grade lithium carbonate pricing is up 35% to date from its lows in August 2020.
Zebit Inc (ASX: ZBT)
The Zebit share price has jumped 11% to $1.05 following the release of a trading update. That update revealed that the ecommerce company achieved net sales of US$44.8 million in the final quarter of 2020. This was a 35.2% increase on the prior corresponding period. Management advised that this was due to the strong trading conditions recorded throughout the peak shopping season.
