The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) gained 0.8% as investors swapped industrials stocks for down-in-the-dump resources companies. Commodities prices have plunged, and it's not just iron ore, copper, iron ore and oil that are falling.
Still, these four companies managed to post huge gains today…
Liquefied Natural Gas Ltd (ASX: LNG) ("LNGL"), is the developer of the Magnolia export LNG terminal in the US and has a number of other projects in the pipeline. Shares shot up 16.4% today to $3.05 after the company released its quarterly report. Magnolia is on track for first LNG in the fourth quarter of 2018 according to the company, at a cost of around US$3.5 billion – much less than its comparative LNG projects in Australia. LNGL is still highly speculative but has Seth Klarman's renowned Baupost Group as its largest investor.
1-Page Ltd (ASX: 1PG) shares jumped 13.7% to $1.08. The company is developing a technology that allows employers to rank and select job candidates by asking them to take an online test to solve real world challenges. Today 1-Page announced an agreement with accounting giant Accenture to leverage 1-Page's Sourcing and Referral Engine. It allows companies to source candidates from within their own employee's networks. Unfortunately, 1-Page didn't outline the financial benefits of the deal, but it's still clearly a positive.
iProperty Group Ltd (ASX: IPP) saw its shares gain 12.1%, after posting a better than expected quarterly result. Colleague Brendon Lau covered the highlights in this article earlier today. iProperty is partly owned (19.9%) by Australia's real estate giant REA Group Limited (ASX: REA), and is expanding into Asian real estate advertising. With two of its operating countries profitable, this is one stock to watch.
Elders Ltd (ASX: ELD) gained 11.5% to close at $3.49. If you're shocked by that price, it's because the company consolidated its shares on a 10 for 1 basis earlier this year. The agribusiness has been attempting to turn around its struggling operations and simplify the business for a number of years, and recently announced a profit of $3 million, following a huge $500 million loss in 2013. But Elders still operates in a tough sector and may still struggle to win investors over.
