In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week on a high. At the time of writing the benchmark index is up 0.2% to 6,183.3 points.
Four shares climbing more than most today are listed below. Here's why they are ending the week with a bang:
The Greencross Limited (ASX: GXL) share price has surged over 7% higher to $3.86 despite there being no news out of the integrated pet care company. However, with its shares hitting a 52-week low yesterday, I wouldn't be surprised if today's gain was due to bargain hunters swooping in.
The Orocobre Limited (ASX: ORE) share price has pushed 6% higher to $4.07. The majority of Australia's lithium miners are on the rise again today as investors seize on recent share price weakness. The Orocobre share price has now risen over 13% in the space of just two days. However, it is worth noting that they are still down by almost a third over the last six months.
The Propertylink Group (ASX: PLG) share price is up 7.5% to $1.13 after it received a non-binding indicative proposal from ESR Real Estate. An offer of $1.15 cash per stapled security has been made by ESR, but management has advised securityholders to not take any action at this point. The offer is subject to a number of conditions, including Propertylink not proceeding with the proposal to acquire Centuria Industrial REIT (ASX: CIP). Its shares are down 3% on the news.
The Silver Lake Resources Limited (ASX: SLR) share price has jumped almost 8% to 56 cents after the gold price continued its recovery. The spot gold price is currently fetching US$1.209.10 an ounce, up around 1.5% since the start of the week. A weakening U.S. dollar has largely been behind the recovery in the gold price this week.
