Why Immutep, Kingsgate, Netwealth, and Ora Banda shares are storming higher

These shares are ending the week with a bang. But why?

| More on:
Woman looks amazed and shocked as she looks at her laptop.

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) is having another strong session and is on course to end the week with a big gain. At the time of writing, the benchmark index is up 0.85% to 7,957.3 points.

Four ASX shares that are rising more than most today are listed below. Here's why they are storming higher on Friday:

Immutep Ltd (ASX: IMM)

The Immutep share price is up 25% to 36.8 cents. This morning, this clinical-stage biotechnology company announced positive results from Cohort B of the TACTI-003 Phase IIb trial. This trial is evaluating eftilagimod alfa in combination with Keytruda as a first-line treatment of recurrent or metastatic head and neck squamous cell carcinoma patients with negative PD-L1 expression. Management notes that that these results are "among the highest recorded for a chemotherapy-free approach in negative PD-L1 patients and compare favourably to a historical control of 5.4% ORR and 32.4% DCR from anti-PD-1 monotherapy."

Kingsgate Consolidated Limited (ASX: KCN)

The Kingsgate Consolidated share price is up 3% to $1.63. This follows the release of drilling results from high potential exploration prospects near its Chatree Gold Mine in Thailand. According to the release, the company continues to intersect significant gold in these prospects. It also notes that the drilling results have extended mineralisation to the west, which will be further assessed in the upcoming dry-season field campaign.

Netwealth Group Ltd (ASX: NWL)

The Netwealth share price is up 2.5% to $21.48. This appears to have been driven by a broker note out of UBS this morning. In response to the investment platform provider's quarterly update, the broker has reiterated its buy rating and lifted its price target to $24.50. This implies potential upside of 14% for investors from current levels. It notes that Netwealth outperformed expectations in the fourth quarter. It also believes that management's commentary indicates that further strong fund inflows are coming in FY 2025.

Ora Banda Mining Ltd (ASX: OBM)

The Ora Banda Mining share price is up a further 7.5% to 42 cents. Investors have been buying this gold miner's shares since it announced the approval of the development of the Sand King Underground mine on Thursday. This approval paves the way for the company to grow its gold production to 150,000 ounces per annum in FY 2026. This will be a big increase on its production guidance of 100,000 ounces to 110,000 ounces for FY 2025.

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 positions in and has recommended Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. 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

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Share Gainers

Why A2 Milk, Audinate, BlueScope, and Chalice Mining shares are rocketing today

These shares are starting the week with an almighty bang. But why?

Read more »

two men in hard hats and high visibility jackets look together at a laptop screen that one of the men in holding at a mine site.
Share Gainers

Guess which ASX 300 stock is surging 12% on a US government deal

The ASX 300 stock looks to be benefiting from the Donald Trump presidency.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a spectacular end to the trading week for the ASX today.

Read more »

Three people jumping cheerfully in clear sunny weather.
Share Gainers

These 3 ASX 200 stocks are shooting the lights out this week. Own any?

These ASX 200 shares have soared 11% to almost 23% this week. But why?

Read more »

Two smiling work colleagues discuss an investment or business plan at their office.
Share Gainers

Why GQG, Imugene, Mirvac, and Temple & Webster shares are pushing higher

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

Read more »

Happy shareholders clap and smile as they listen to a company earnings report.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a momentous day for ASX shares, with the index hitting another record...

Read more »

Cropped shot of an attractive young female scientist working on her computer in the laboratory.
Healthcare Shares

Up 135% in a year, why this ASX 200 healthcare stock is 'on track to become a truly great Australian success'

A leading fund manager expects more strong performance from this surging ASX 200 healthcare stock.

Read more »

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Why ASX, Domain, Ora Banda, and Temple & Webster's shares are storming higher today

These shares are catching the eye with strong gains on Thursday. Let's see what is happening.

Read more »