Why Golden Heaven Group (GDHG) Skyrocketed on Monday?

We recently compiled a list of the 10 Small Firms Kick Off Monday with Strong Gains. In this article, we are going to take a look at where Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG) stands against the other stocks with strong gains.

Wall Street’s main indices kicked off Monday’s trading with a strong finish, ending in the green territory as investors hoped President Donald Trump would dial back on his wide-ranging tariff plans to allow the US to skirt an economic slowdown.

The Nasdaq posted the largest gain, up 2.27 percent, followed by the S&P 500, up 1.76 percent, and the Dow Jones, at 1.42 percent.

Ten companies under the micro- and small-cap sectors mirrored the broader market optimism, registering double- to triple-digit gains at intra-day trading. In this article, let us explore the reasons behind their gains.

To come up with the list, we considered only the stocks with the highest gains in terms of percentage change.

Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG)

Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG) extended its winning streak for a fourth straight day on Monday, jumping by as high as 49.47 percent at intra-day trading before finishing the day just up by 39.01 percent at $1.96 each.

Based on its historical price data this month, Golden Heaven (NASDAQ:GDHG) appears to be trading just a little above the $1 minimum bid price requirement of the Nasdaq stock exchange. The latest stock price marked a 93-percent drop from its highest 52-week close of $27.

Golden Heaven (NASDAQ:GDHG) is an amusement park operator in Yanping District and an active player in developing the Chinese amusement park industry.

The company currently manages and operates six amusement parks namely Yuxi Jinsheng Amusement Park, Mangshi Jinsheng Amusement Park, Qujing Jinsheng Amusement Park, Changde Jinsheng Amusement Park, Tongling West Lake Amusement World and Yueyang Amusement World.

Overall, GDHG ranks 8th on our list of  small firms kick off Monday with strong gains. While we acknowledge the potential of GDHG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as GDHG but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.