Shareholders of these three companies enjoyed solid gains on Thursday.
Select Harvests Limited (ASX: SHV)
The Select Harvests Limited share price gained more than 10 per cent on Thursday with the nut company’s shares now trading for around $5.31.
Despite the recent gains the Select Harvests share price has endured a loss of around 12 per cent over the past year.
The outlook for Australia’s largest almond producer will be heavily influenced by the price of commodities it deals in for FY 2018 as the company has stated that its crop output this year will be at the same level or below last year’s yield.
However, Select Harvests has announced that it has put a strategy in place to boost almond production over the next decade.
The company reported a net profit after tax of $9.2 million for financial year (FY) 2017.
Gold Road Resources Limited (ASX: GOR)
The Gold Road Resources share price was up by almost 7 per cent as the company provided an update on its Gruyere project.
The company is hoping to mine gold at its joint venture project in Western Australia, near Laverton, and stated that construction is pressing ahead on schedule and within budget.
The Gold Road share price has gained around 27 per cent over the past year with the company’s shares now trading for about 76 cents.
The company, with a market cap of about $671 million, has stated that it expects to be producing gold bars in 2019.
Energy World Corporation Ltd. (ASX: EWC)
The Energy World Corporation continues to recover since slumping to 21 cents in November.
The company’s shares are now trading for 38 cents, representing a gain of about 80 per cent in less than two months.
Energy World, with a market cap of $682 million, produces and supplies energy, including natural gas, to markets in Asia.
The company reported a profit of US$106 million for FY 2017 which amounted to 60 per cent of revenue.
However, the company’s FY 2017 profit was down on FY 2016’s figure of US$111 million.
Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. 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.