Why Brainchip, Challenger, Clarity, and Gorilla Gold Mines shares are storming higher

These shares are rising more than most on Thursday. But why?

The S&P/ASX 200 Index (ASX: XJO) is on course to end the shortened week with a solid gain. In afternoon trade, the benchmark index is up a decent 0.6% to 7,803.1 points.

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

Ecstatic man giving a fist pump in an office hallway.

Image source: Getty Images

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is up 14% to 25.7 cents. This is despite there being no news out of the semiconductor company. But with the trade war hitting chip makers hard overnight, it is possible that some investors believe that Brainchip could potentially fill a gap. Though, it remains to be seen if its technology will be adopted by any major companies.

Challenger Ltd (ASX: CGF)

The Challenger share price is up 7.5% to $6.63. This morning, this annuities company released its third quarter update and revealed a 22% increase in retail lifetime annuity sales to $246 million. Another positive was that Japanese sales were up 33% to $240 million. Challenger's managing director and CEO, Nick Hamilton, said: "Across our retirement business, Challenger maintained momentum through the third quarter, continuing to broaden our customer footprint while making significant progress delivering new technology for the future."

Clarity Pharmaceuticals Ltd (ASX: CU6)

The Clarity Pharmaceuticals share price is up 14% to $1.91. Investors have been buying this clinical-stage radiopharmaceutical company's shares after it announced the signing of a commercial-scale supply agreement for copper-64 with Nusano. Clarity's executive chairperson, Dr Alan Taylor, commented: "The signing of this Supply Agreement with Nusano will complement Clarity's existing network of US-based copper-64 suppliers, providing capacity to ensure abundant and seamless supply of the isotope."

Gorilla Gold Mines Ltd (ASX: GG8)

The Gorilla Gold Mines share price is up 20% to 51.25 cents. This follows the release of promising drilling results from the Lakeview Gold Prospect. According to the release, drilling has extended the strike to more than 500m with the system open. The company's CEO, Charles Hughes, commented: "More great extensional results from Lakeview in LVEX034 with 24m @ 10.3 g/t Au; demonstrating continued upside and additionally solid infill results in LVEX031 with 40m @ 4 g/t Au 25m along strike from 96m @ 2.5 g/t Au n LVEX027l; demonstrating continuity to the system."

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 recommended Challenger. 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

Girl with painted hands.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a happy Tuesday session on the markets today.

Read more »

A woman is very excited about something she's just seen on her computer, clenching her fists and smiling broadly.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a happy end to the trading week for investors this Friday.

Read more »

A woman looks shocked as she drinks a coffee while reading the paper.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a brutal day on the markets this Thursday.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Which were the best-performing ASX 200 shares in September?

These shares didn't let a falling market stop them from racing higher last month.

Read more »

Multi-ethnic people looking at a camera in a public place and screaming, shouting, and feeling overjoyed.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a strong hump day on the ASX today.

Read more »

Ten smiling business people wave to the camera after receiving some winning company news.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a wild, but ultimately positive, Tuesday for investors.

Read more »

Rocket going up above mountains, symbolising a record high.
Share Gainers

Invested $5,000 in Dateline shares a week ago? Here's how much you'd have now

It's been a huge week for Dateline shares.

Read more »

Ten happy friends leaping in the air outdoors.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a happy start to the week's trading today.

Read more »