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Three shares posting strong gains

These three shares could be worth keeping an eye on after delivering investors with healthy returns on Tuesday.

 

Sky Network Television Limited (ASX: SKT)

The Sky Network share price gained 7.55% on Tuesday after the company announced earlier this week that it is moving ahead with a new strategy following its terminated Vodaphone merger and preparations for a major management shakeup.

The company stated that its strategy will see the television network focussed on “content, customer experience, and a targeted range of products and price points to suit all customers”.

Sky Network also announced that CEO John Fellett plans to retire within 12 months.

Despite the recent gain to the Sky Network share price, investors in the company have still endured losses exceeding 30% over the past year.

 

Clean TeQ Holdings Limited (ASX: CLQ)

The Clean TeQ Holdings Limited share price continues to climb, gaining another 6.87% on Tuesday.

The nickel and cobalt company’s shareholders have enjoyed returns over the past year of around 32%, although the company’s share price has had a poor run over the past few months.

In min-January, the Clean TeQ Holdings share price was up to $1.65 but is now trading at around $1.24.

The company, which plans to profit from increasing demand for cleaner energy, is still worth keeping an eye on after posting a 340% increase in revenue for the half year ending 31 December 2017 compared to the prior corresponding period.

 

Polynovo Ltd (ASX: PNV)

The Polynovo Ltd share price gained another 10.42% on Tuesday as it was announced director David Williams increased his stake in the company.

Mr Williams and other directors representing Polynovo have been boosting their holdings in the company over the past year.

Polynovo, an Australian-based medical company designs, develops and manufactures dermal regeneration solutions using its patented NovoSorb product, a tissue scaffold that helps regeneration of skin.

The medical company’s share price has doubled over the past year and it appears Mr Williams believes it will continue to climb.

 

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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 Scott Phillips.

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