Why Boss Energy, GrainCorp, Pro Medicus, and Select Harvests are pushing higher

These ASX shares are ending the week strongly…

| More on:
A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today

Image source: Getty Images

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 afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is charging higher. At the time of writing, the benchmark index is up 0.55% to 7,483.5 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

Boss Energy Ltd (ASX: BOE)

The Boss Energy share price is up 11% to $2.64. This morning the uranium developer announced the completion of its share purchase plan. However, the main catalyst for its strong gain today is likely to be uranium prices hitting a decade high. This has led to a number of uranium shares surging higher on Friday.

GrainCorp Ltd (ASX: GNC)

The GrainCorp share price is up 4.5% to $9.09. This follows the release of an earnings guidance update this morning. GrainCorp has upgraded its earnings guidance for FY 2022 thanks to significant ongoing global demand for Australian grain and oilseeds. Management also highlighted that planting conditions for the upcoming east coast Australian winter crop are favourable.

Pro Medicus Limited (ASX: PME)

The Pro Medicus share price is up 1.5% to $47.80. Investors have been buying this health imaging technology company’s shares after it announced a major new contract win. According to the release, the company’s US business, Visage Imaging, has signed a $32 million, eight-year contract with Inova Health System.

Select Harvests Limited (ASX: SHV)

The Select Harvests share price is up 4.5% to $5.60. This follows the release of a market update from the almond producer this morning. That update reveals that despite facing adverse weather conditions early in the season, the company is performing in line with expectations. As a result, there is no change to its price or crop estimate. Another positive is that its sorting and packing upgrade has been completed and is operating at or above business case.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Pro Medicus Ltd. The Motley Fool Australia owns and has recommended Pro Medicus Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

Green arrow with green stock prices symbolising a rising share price.
Share Gainers

Why APM, Block, Breville, and Superloop shares are charging higher

These ASX shares are charging higher on Monday...

Read more »

health workers shake hands and congratulate each other on good news
Share Gainers

This ASX All Ordindaries healthcare share is ripping 17% higher amid a new contract win

Investors seem to like the contract win from this healthcare player.

Read more »

A boy leaps and flaps his arms as he tries to fly with some birds on the shoreline of the beach.
Share Gainers

5 best ASX All Ordinaries shares in June

Why did these ASX shares fly while the All Ords dropped?

Read more »

a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.
Share Gainers

Why Austal, Mesoblast, Regis Resources, and Zip shares are charging higher

These ASX shares are ending the week strongly...

Read more »

Three rockets heading to space
Share Gainers

These 3 ASX All Ords shares are delivering double-digit gains on Friday

These stocks have each surged more than 20% today.

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.
Gold

Why is the Northern Star share price more green than gold on Friday?

It's proving a good day so far for the gold miner, despite the price of the yellow metal falling.

Read more »

Rising arrow on a blue graph symbolising a rising share price.
Share Gainers

Why is the Mesoblast share price leaping 19% today?

Mesoblast reverses course today – for now, anyway.

Read more »

a group of young people dance together with their hands in the air, moving to music.
Share Gainers

What’s propelling the MoneyMe share price 28% higher today?

Investors have rewarded the company handsomely today.

Read more »