It has been a reasonably positive start to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the benchmark index is up 0.1% to 5,861 points thanks to gains in the information technology and financial sectors.
Four shares which have made notably strong gains today are listed below. Here’s why they have started the week with a bang:
The Aconex Ltd (ASX: ACX) share price has jumped 5% to $4.50 despite there being no news out of the software-as-a-service company. Today’s gain means that its shares have now climbed a remarkable 15% in just the last five trading sessions. It would appear as though some investors think this exciting company could be a bargain buy after a sharp drop in its share price over the last 12 months.
The Mobile Embrace Ltd (ASX: MBE) share price is up a massive 49% to 7.3 cents after the mobile commerce company provided a positive trading update. Due largely to the strong performance of its Performance Marketing division, management reaffirmed its full-year revenue and EBITDA guidance of $52 million and between $5 million and $6 million, respectively. Very promising, but too soon to invest in my opinion.
The Tassal Group Limited (ASX: TGR) share price is up 3.5% to $4.50 after the salmon producer confirmed positive environmental improvement results at Macquarie Harbour. According to the release, the latest environmental surveys show leases 214 and 219 are now fully compliant. I think this is great news for the company and believe it could be a good investment at today’s price.
The Zelda Therapeutics Ltd (ASX: ZLD) share price has climbed once again, this time by 4% to 13.5 cents. Investors have been fighting to get a slice of the pot stock since it announced plans to expand its clinical trials in Chile to cover autism. Trials are expected to commence in the second-half of the year and run for three to six months.
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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of ACONEX FPO. 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.