Why Neometals, Neurizer, Paladin Energy, and Perseus Mining shares are rising

These ASX shares are having a strong session on Thursday.

| 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

The S&P/ASX 200 Index (ASX: XJO) has returned to form on Thursday. In afternoon trade, the benchmark index is up 0.25% to 7,110 points.

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

Neometals Ltd (ASX: NMT)

The Neometals share price is up almost 16% to 55.5 cents. This morning, this battery materials producer provided an update on its joint venture, Primobius. According to the release, the demonstration plant trialling process improvements to the hydrometallurgical refining flowsheet have yielded outstanding results. This has seen nickel, cobalt and copper recoveries of >95%.

Neurizer Ltd (ASX: NRZ)

The Neurizer share price is up a massive 57% to 8 cents. This morning the energy company announced a binding contract with China's largest integrated hydrogen company, Meijin Energy Investments, for site assessments and operating in situ gasification sites. The agreement offers Neurizer a significant opportunity to enter China's growing hydrogen market and establish a joint venture partnership.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is up 11% to 60.7 cents. Investors have been buying this uranium developer's shares after it downplayed reports that the Namibian government is seeking to take minority stakes in mines in the southern African country. Paladin owns the significant Langer Heinrich Mine in Namibia.

Perseus Mining Limited (ASX: PRU)

The Perseus Mining share price is up 5% to $1.92. This follows a rise in the gold price overnight due partly to increased market volatility. It isn't just Perseus Mining that is climbing today. The S&P/ASX All Ordinaries Gold index is up a sizeable 2.9% this afternoon.

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. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
Share Gainers

Why Block, Cettire, Mesoblast, and Regis Resources shares are rising today

These shares are ending the week on a high. But why?

Read more »

three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.
Share Gainers

3 ASX All Ords shares rocketing more than 18% on Thursday

ASX investors just sent these three stocks flying higher. Let’s find out why.

Read more »

Successful group of people applauding in a business meeting and looking very happy.
Share Gainers

Why ARB, Arcadium Lithium, Netwealth, and Regis Resources shares are storming higher

These shares are having a strong session on Thursday. But why?

Read more »

a man sits on a rocket propelled office chair and flies high above a city
Materials Shares

Why this OTHER ASX lithium stock is rocketing higher today

Up 107% in a month, investors just sent this ASX lithium stock surging again!

Read more »

A young woman smiles as she rides a zip line high above the trees.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a happy hump day for ASX shares, despite an afternoon wobble.

Read more »

Three businesspeople leap high with the CBD in the background.
Share Gainers

Three soaring ASX 300 shares just upgraded by leading brokers

Leading brokers expect more gains ahead from these high-flying ASX 300 shares.

Read more »

A young woman wearing overalls and a yellow t-shirt kicks one leg in the air showing excitement over the latest ASX 200 shares to hit 52-week highs
Share Gainers

Why APA, Elders, GQG, and Webjet shares are roaring higher today

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

Read more »

A medical specialist holds a red heart connected via technology and artificial intelligence (AI)
Share Gainers

Guess which ASX biotech stock just rocketed 25% on big US news

Here are all the details.

Read more »