Business
Why these ASX shares just raced to 52-week highs or better
Although the Australian share market has been out of form over the last few trading days, that hasn’t stopped a number of shares from charging higher.
Three ASX shares that have climbed so much they just hit 52-week highs or better are listed below. Here’s why they are flying high right now:
Costa Group Holdings Ltd (ASX: CGC)
The Costa share price jumped to a 52-week high of $4.55 yesterday. Investors were buying the horticulture company’s shares after the release of its full year results. Thanks to strong demand and favourable pricing, Costa reported an 11.2% increase in revenue to $1,164 million and an impressive 108.4% jump in net profit to $59.4 million. This was well ahead of expectations. For example, Morgans was…
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