The S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. In afternoon trade, the benchmark index is up slightly to 8,366.6 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
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Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is up 2% to $4.35. This uranium miner's shares have been on fire in recent sessions thanks to US President Donald Trump signing an executive order to rapidly deploy advanced nuclear technologies to support national security objectives. The White House notes that this includes powering artificial intelligence (AI) computing infrastructure and national security installations. Boss Energy shares are up 22% since this time last week.
Neuren Pharmaceuticals Ltd (ASX: NEU)
The Neuren Pharmaceuticals share price is up 2% to $13.72. Investors have been buying this pharmaceuticals company's shares following its annual general meeting presentation. At the meeting, management spoke about the disappointment of its share price performance. It said: "Despite this huge progress and all nine analysts that cover Neuren with "buy" recommendations, at an average target share price of $26, our share price has fallen significantly from its peak, which is frustrating and disappointing."
Strickland Metals Ltd (ASX: STK)
The Strickland Metals share price is up 12% to 13.5 cents. This follows the release of drilling results from the Gradina Prospect, which is part of its Rogozna Gold and Base Metals Project. According to the release, strong results were received from its drilling. Management notes that these results "have confirmed the continuity of high-grade gold mineralisation at the northern end of the Gradina deposit, with drill-defined mineralisation extending over approximately 1,000 metres of strike and 900 metres of vertical extent."
Vulcan Energy Resources Ltd (ASX: VUL)
The Vulcan Energy share price is up 2% to $4.18. This morning, this lithium developer announced that it has commenced drilling the first new well for the Phase One Lionheart Project. Vulcan CEO, Cris Moreno, commented: "Start of drilling new production wells to grow current production represents achievement of yet another critical milestone for our Lionheart Project." In addition, Bell Potter initiated coverage on the company's shares with a speculative buy rating and $6.10 price target this morning. It said: "Lionheart's location, development-ready stage and novel technology position VUL to benefit as lithium markets rebalance over the medium term. On our lithium price outlook (long term LHM US$20,000/t), average annual EBITDA is €290m (real)."
