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3 stocks soaring more than 17%

In mid-afternoon trading, the S&P / All Ordinaries Index (Index: ^AORD) (ASX: XAO) is up 0.2%, at 5,483, following gains on Wall Street on Friday.

While most large caps have seen some gains today, three ASX stocks have soared more than 17%.

iSonea Limited (ASX: ISN)

Healthcare equipment maker Isonea has surged more than 20% to 20.5 cents, despite no news from the company. iSonea makes what it claims is the world’s first digital device for monitoring wheeze in asthma sufferers. A retail sales pilot with Australian pharmacies is expected to commence as soon as next month – the first time the technology is available over the counter – previously only available online.

Ambassador Oil & Gas Ltd (ASX: AQO)

The oil and gas explorer saw its shares surge 26% higher today, before the company went into a trading halt. The company says it is expecting to make an announcement regarding a ‘potential material transaction’. Perhaps some people got wind of the acquisition and decided to trade ahead of the market, or would that be cynical of me?

SAI Global Limited (ASX: SAI)

The standards organisation saws its shares rise more than 17% (74 cents) after the company received a $1.1 billion bid from a private equity firm. The offer values the shares above $5.00, but analysts suspect another higher bid could be forthcoming, with Moelis analysts suggesting a $6 price tag.

 

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Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga

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