Why Bannerman, Clover, Polynovo, and Pro Medicus shares are pushing higher

Not all shares are falling with the market on Tuesday. Here's why they are rising.

| 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

The S&P/ASX 200 Index (ASX: XJO) is out of form on Tuesday. In afternoon trade, the benchmark index is down 0.5% to 7,043.1 points.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are pushing higher:

two colleagues high five each other as they sit side by side at a long desk in front of their laptop computers in an office environment.

Image source: Getty Images

Bannerman Energy Ltd (ASX: BMN)

The Bannerman Energy share price is up over 2% to $2.82. Investors have been buying Bannerman Energy's shares this week after uranium prices climbed to a decade-high. Bannerman's flagship asset is the advanced Etango Uranium Project located in the Erongo Region of Namibia.

Clover Corporation Ltd (ASX: CLV)

The Clover share price is up 1.5% to $1.10. This morning, this ingredients company released its FY 2023 results and reported a 13% increase in sales revenue to $79.9 million. Things weren't quite as positive for its profits, which fell 13% to $6.2 million. Nevertheless, the market appears more focused on its top-line growth.

Polynovo Ltd (ASX: PNV)

The Polynovo share price is up over 6% to $1.34. This medical device company's shares have been rising since the release of a trading update on Monday. Polynovo reported a 118.7% increase in total revenue to $7.7 million in August. This means revenue is now up 92.7% financial year to date to $14.9 million.

Pro Medicus Limited (ASX: PME)

The Pro Medicus share price is up over 10% to $78.74. This morning, this health imaging technology company announced a massive $140 million contract win. The 10-year contract is with Baylor Scott & White Health, which is the largest not-for-profit healthcare system in Texas and one of the largest in the United States.

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 recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. 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

An old-fashioned panel of judges each holding a card with the number 10
Share Gainers

Here are the top 10 ASX 200 shares today

ASX shares had a near miss this Tuesday.

Read more »

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today
Share Gainers

How is this $1.2 billion ASX All Ords share rocketing 17% in Tuesday's sinking market?

The ASX All Ords share is surging in Tuesday’s slumping market. But why?

Read more »

Multiracial happy young people stacking hands outside - University students hugging in college campus - Youth community concept with guys and girls standing together supporting each other.
Share Gainers

Why Clinuvel, Elevra Lithium, Regis Resources, and SCEE shares are racing higher today

These shares are having a good session on Tuesday. But why?

Read more »

Two friends giving each other a high five at the top pf a hill.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a euphoric return to trading for ASX shares.

Read more »

Three trophies in declining sizes with a red curtain backdrop.
Share Gainers

3 ASX 200 stocks leaping higher this week on big announcements

Investors sent these three ASX 200 stocks surging in this King's Birthday shortened trading week. But why?

Read more »

Two happy and excited friends in euphoria holding a smartphone, after winning in a bet.
Share Gainers

Why Brazilian Rare Earths, Evolution Mining, Magellan, and Qantas shares are racing higher today

These shares are ending the week on a high. What's going on?

Read more »

A young smiling couple out hiking enjoy a view from the top of the mountains.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX 200 had a wild but negative session this Thursday.

Read more »

Man looking happy and excited as he looks at his mobile phone.
Share Gainers

Why Lendlease, Meteoric Resources, Super Retail, and Woodside shares are rising today

These shares are catching the eye of investors on Thursday. What's going on?

Read more »