Why these 4 shares are charging higher today

Credit: Michael Devlin,

Positive offshore leads have helped investors to break a two-day losing streak with the S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) gaining 0.65% to 5,231 points.

Most sectors are enjoying a day of solid gains with the gold, energy and materials sectors leading the way.

Four shares that have put in a top performance today include:

Mantra Group Ltd (ASX: MTR)

Mantra shares have bounced back today after suffering from a week of relentless selling. The shares have managed to climb more than 4% to $3.14. Although shareholders would be pleased to see the shares make up some territory today, they have still lost around 25% of their value over the past six weeks. As noted here, the shares have enjoyed support today on the back of a broker upgrade that slapped a $4.00 price target on the accommodation provider. Mantra is expected to benefit from the influx of tourists from Asia, although some investors are still concerned about the impact Airbnb could have moving forward.

iSentia Group Ltd (ASX: ISD)

iSentia is another stock that has seen its share price hit hard over the past few weeks but it is also rebounding strongly today. The shares have managed to gain 4.2% today despite no important news being released by the company. It appears bargain hunters have stepped in today, although the shares have still lost around 35% from their 52-week highs. The company delivered a weaker-than-expected first half result and investors will be anxious to see how well the company reports in August.

Ramelius Resources Limited (ASX: RMS)

Shares of Ramelius Resources have surged more than 7.5% today after the company announced better-than-expected gold production during the June quarter. As a result of the higher quarterly production levels, the gold miner also announced it had exceeded its full year production guidance. Pleasingly for investors, the higher production means the company’s units costs are also expected to be significantly lower than its guidance of A$1,175. With the current spot gold price at US$1,364/oz, Ramelius (along with most other Australian gold producers) is operating at very healthy margins.

iSignthis Ltd (ASX: ISX)

Shares of iSignthis have jumped by more than 20% today after the company announced it had signed an agreement to provide one of its identity verification products to leading online currency and foreign exchange provider XM.COM. This is a clearly a positive development for the small-cap technology company which has seen its share price fall by more than two thirds over the past nine months. iSignthis is not yet profitable, but it does offer an interesting product that could eventually be used to authenticate the identify of indiviudals online.

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Motley Fool contributor Christopher Georges owns shares of iSentia Group Ltd and MANTRA GRP FPO. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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