There are some very big gains being recorded from ASX All Ords shares on Tuesday.
For example, the shares listed below have been going gangbusters with three of them up over 10% this afternoon.
Let's see what is happening:
Bellevue Gold Ltd (ASX: BGL)
The Bellevue Gold share price is up 11% to $1.62. This follows the release of a production update from the gold miner this morning. The ASX All Ords share revealed that its gold production continues to ramp up, with production totalling 13,364 ounces in February at a head grade of 5.2g/t gold. Management notes that this ensures that Bellevue Gold is on track to meet its guidance of 75,000 ounces to 85,000 ounces for the first half of FY 2024.
Mesoblast Ltd (ASX: MSB)
The Mesoblast share price is up 25% to 40 cents. This may have been driven by a delayed reaction to an announcement out of the biotechnology company on Monday. Mesoblast revealed that the US FDA will support an accelerated approval pathway for rexlemestrocel-L under the existing Regenerative Medicine Advanced Therapy designation. This therapy is Mesoblast's allogeneic mesenchymal precursor cell product for patients with end-stage ischemic heart failure with reduced ejection fraction and a left ventricular assist device.
Novonix Ltd (ASX: NVX)
The Novonix share price is up 18% to $1.04. This is despite there being no news out of the battery materials technology company today. Though, it is worth noting that this ASX All Ords share has been on a tear recently. So much so, it is now up 53% since this time last month.
Zip Co Ltd (ASX: ZIP)
The Zip share price has continued its positive run and is up 9% to $1.31. This means that the buy now pay later provider's shares have now doubled in value since the start of 2024. Investors have been buying the ASX All Ords share after it delivered a strong half-year result and was the subject of takeover rumours. In addition, last week UBS upgraded the company's shares to a buy rating and lifted their price target to $1.43 from a lowly 36 cents.
