Why Bega Cheese, De Grey Mining, Northern Star, & Reece are storming higher

Northern Star Resources Ltd (ASX:NST) and Reece Ltd (ASX:REH) shares are two of four storming higher on Thursday. Here's why…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In late morning trade the S&P/ASX 200 Index (ASX: XJO) has bounced back from yesterday's decline and is pushing higher. At the time of writing the benchmark index is up a sizeable 0.7% to 6,154.9 points.

Four shares that are climbing more than most today are listed below. Here's why they are storming higher:

The Bega Cheese Ltd (ASX: BGA) share price is up 5% to $5.10. This follows the release of its full year results this morning. The dairy company reported a 5% increase in revenue to $1,493 million and an 11% lift in statutory EBITDA to $87.8 million. Things were even better on the bottom line, with Bega's profit after tax rebounding 284% to $21.3 million.

The De Grey Mining Limited (ASX: DEG) share price has jumped 15% to $1.02 after revealing positive drilling results. According to the release, the mineral exploration company has intercepted exceptional high grade gold at the Crow zone of the Hemi Gold Discovery. Management notes that these results demonstrate the potential for Crow to significantly add to the overall gold endowment at Hemi.

The Northern Star Resources Ltd (ASX: NST) share price has risen 3.5% to $13.82. Investors have been buying Northern Star and other gold miners on Thursday after a rebound in the gold price overnight. This has led to the S&P/ASX All Ordinaries Gold index rising by a solid 3.3% at the time of writing.

The Reece Ltd (ASX: REH) share price has jumped 12% to $12.44. Investors have been buying the plumbing parts company's shares following the release of its full year results. For the 12 months ended 30 June, Reece delivered a 10% increase in sales revenue to $6,010 million. And on the bottom line, the company's net profit after tax (Pre AASB 16) grew 19% to $202 million. This was driven largely by strong growth in its US business during the year.

Motley Fool contributor James Mickleboro 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.

More on Share Gainers

Multi-ethnic people looking at camera sitting at public place screaming, shouting and feeling overjoyed about their windfall, good news or sports victory.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a slightly sour end to the trading week this Friday.

Read more »

Rocket takes off from the hand of a businessman.
Share Gainers

3 ASX 200 stocks rocketing higher in the first full trading week of 2026

Investors have been piling into these three ASX 200 stocks in 2026. But why?

Read more »

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Why Codan, DroneShield, Mesoblast, and Woodside shares are storming higher today

These shares are ending the week strongly. But why?

Read more »

Woman with gold nuggets on her hand.
Gold

Up 177% in a year, why is this ASX 300 gold stock leaping higher again on Friday?

Investors are piling into this high-flying ASX gold stock again today. But why?

Read more »

a man in a green and gold Australian athletic kit roars ecstatically with a wide open mouth while his hands are clenched and raised as a shower of gold confetti falls in the sky around him.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors were in a good mood today.

Read more »

Man ecstatic after reading good news.
Share Gainers

Why Canyon Resources, Core Lithium, Duratec, and Unico Silver shares are storming higher

These shares are outperforming on Thursday. What's going on?

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX was back in the green this Wednesday.

Read more »

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Why 4DMedical, Regis Resources, Unico Silver, and WiseTech Global shares are pushing higher

These shares are having a good time on hump day. But why?

Read more »