The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a good start to the week and in afternoon trade is 0.6% higher to 5,737 points.
Four shares which have started the week with strong gains are listed below. Here's why they are higher:
The Ardent Leisure Group (ASX: AAD) share price is up 2.5% to $2.09 following the release of its monthly theme parks trading update. According to the release, visitation was down 30.5% and unaudited revenues were $4.4 million, down 35.3% versus the prior corresponding period. This was a notable improvement on last month and possibly a sign that its turnaround plans are working.
The Galaxy Resources Limited (ASX: GXY) share price is up 7% to $2.25. The lithium miner's shares have been on a tear in the last five trading sessions and risen a massive 36% thanks to better-than-expect production at its Mt Cattlin project. Even after its strong run, I still feel Galaxy is one of the best options in the resources sector.
The Kidman Resources Ltd (ASX: KDR) share price is up 19% to 73.7 cents after the lithium miner revealed that the court has ruled in its favour over an Earl Grey lithium rights challenge. This is great news in my opinion and I can't say I'm surprised to see its shares rocket higher today.
The QBE Insurance Group Ltd (ASX: QBE) share price is up 3% to $12.30 despite there being no news out of the insurance giant. But with its shares down sharply last month, I wouldn't be surprised if bargain hunters were swooping in today. Whilst it isn't my first preference in the insurance sector, at the current share price it could be worth a look.
