These 3 ASX shares have just hit 52-week highs or better

The Australian share market is on a very positive run at the moment and has just hit a 13-month high.

Unsurprisingly, this has led to a number of shares climbing to 52-week highs or better. Three that have achieved this milestone are listed below. Here’s why they are on fire right now:

The Codan share price hit a record high of $18.38 on Friday. Investors have been fighting to get hold of the electronic products company’s shares over the last 12 months thanks to its impressive performance in FY 2020 and so far in FY 2021. This strong performance has been underpinned by strong demand for metal detectors following the release of new products and the high gold price. In addition to this, Codan has made a series of acquisitions…