One huge mover on the Australian share market today has been the Yowie Group Ltd (ASX: YOW) share price.
In afternoon trade the confectionery company's shares are up a massive 18% to 45 cents on huge volumes.
With no meaningful news out of the company since the beginning of the month, today's move certainly comes as surprise.
But with its shares still down by around a third since the turn of the year, it would appear as though some investors think it has fallen into bargain territory.
Is it a bargain buy?
It could well be. At the start of the year I was impressed with Yowie's half-year report which revealed a 70% jump in sales to US$9.3 million.
Impressively management expects sales growth to accelerate to between 85% and 90% for the full-year.
Whilst this is slightly slower than originally forecast due to delays in shipments and products launches, it is still an incredible level of growth that even fellow fast-growing consumer staples companies a2 Milk Company Ltd (Australia) (ASX: A2M) and Treasury Wine Estates Ltd (ASX: TWE) would be envious of.
A key driver of this revenue growth could be its return to the Australian market next month, just in time for Easter.
Whether or not the product makes a successful return to Australia only time will tell, but if it does then I think both sales and its share price could get a significant boost.
With that in mind I think it would be well worth adding Yowie to your watch list today.
