The S&P / ASX 200 (Index: ^AXJO) (ASX: XJO) has lifted around 1% in late trade, but that's nothing in comparison to several stocks that have gone gangbusters on the back of positive news developments.
Yowie Group Ltd (ASX: YOW) shares climbed 12 cents or 22.64% to 65 cents as investors continue to warm to its prospects of cracking the giant U.S. confectionary market. The group makes children's chocolate products and recently announced a trial product launch with the largest retail and pharmaceutical store operator in the United States. The trial is due to commence late November for a 90-day period, if successful Yowie could be onto something big.
iProperty Group Ltd (ASX: IPP) has jumped 16 cents or 6.64% even though the company has released no specific news to the market. The group is attempting to develop and monetise online property websites in several populous Asian countries. It hopes to cash in on the migration of advertising dollars from offline to online in the years ahead.
Revenue was up 44% in the first half of 2014 compared to the prior corresponding period, and with REA Group Limited (ASX: REA) now owning a 19.4% stake, iProperty has significant backing.
Lucapa Diamond Co Ltd (ASX: LOM) today announced the signing of a 35-year diamond mining licence agreement at the Lulo Diamond Concession in Angola's Lunda Norte diamond province. The licence includes 10-year rolling extension options and favourable tax and royalty regimes, including a 25% corporate tax rate and 5% royalty rate.
There's certainly big money to be made in diamond mining as evidenced by the phenomenal success of African market leader the De Beers group. Now Lucapa has the keys to one of the world's best diamond addresses, investors are buying an invite to the house warming party.
Karoon Gas Australia Limited (ASX: KAR) today confirmed it has struck the Black Gold at multiple oil-bearing zones off the coast of Brazil. Oil has been confirmed and recovered from five separate reservoirs. The company's core strategy is identifying off-shore early stage exploration opportunities, with a longer-term strategy to retain residual equity interests in any assets as they go into production. The shares lifted more than 12% to $3.32 on the news from Brazil.
