The S&P/ASX 200 Index (ASX: XJO) is having another positive session on Tuesday. At the time of writing, the benchmark index is up 0.6% to 7,521.2 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
Image source: Getty Images
Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is up 1.5% to $5.37. Investors have been buying this uranium developer's shares following the release of drilling results from the Honeymoon Project. Management notes that more strong drilling results highlight scope for growth in production, mine life, and cashflow.
Cooper Energy Ltd (ASX: COE)
The Cooper Energy share price is up 9% to 12 cents. This morning, analysts at Macquarie upgraded the energy company's shares to an outperform rating with an 18 cents price target. The broker believes a selloff on Monday relating to a cost blowout has created a buying opportunity for investors. The broker feels that other positive news also released offset the cost blowout news.
Judo Capital Holdings Ltd (ASX: JDO)
The Judo Capital share price is up almost 18% to $1.10. Investors have been snapping up this small business lender's shares after it revealed strong profit growth in the first half of FY 2024. Unaudited profit before tax (PBT) is expected to be $67 million for the first half, which is up 24% on the prior corresponding period.
Polynovo Ltd (ASX: PNV)
The Polynovo share price is up 8% to $1.88. This appears to have also been driven by a bullish broker note out of Macquarie. In response to the medical device company's first half sales update on Monday, the broker has retained its outperform rating with an improved price target of $2.90. Polynovo's first half sales were comfortably ahead of the broker's expectations.
