The S&P/ASX 200 Index (ASX: XJO) is on course to finish the week on a mildly positive note. In afternoon trade, the benchmark index is up 0.15% to 8,423.1 points.
Four ASX shares that are rising more than most are listed below. Here's why they are pushing higher:
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Catapult Group International Ltd (ASX: CAT)
The Catapult Group share price is up 8% to $5.68. Investors have been buying the sports technology company's shares following the release of a broker note out of Morgan Stanley. The broker was impressed with Catapult's strong performance in FY 2025 and believes this positive form can continue for the foreseeable future. Particularly given how the total addressable market for wearables and video sports technology is expected to grow at a three-year compound annual growth rate of 5%. As a result, the broker has retained its overweight rating on Catapult's shares with an improved price target of $6.00.
Champion Iron Ltd (ASX: CIA)
The Champion Iron share price is up a further 3% to $4.39. This iron ore miner's shares have risen this week following the release of its fourth quarter and full year results. For the fourth quarter, Champion Iron reported production of 3.2M wmt, record sales of 3.5M dmt, revenue of C$425 million, and EBITDA of C$127 million. The latter represents a 44% increase on the prior quarter and a 50% lift on the same period last year. In response, this morning, Macquarie Group Ltd (ASX: MQG) retained its outperform rating and $6.10 price target on the miner's shares.
Healthco Healthcare and Wellness REIT (ASX: HCW)
The Healthco Healthcare and Wellness share price is up 11% to 91.7 cents. This has been driven by news that Healthscope's receivers have agreed to pay outstanding rent. It said: "All outstanding rent arrears for March and April 2025 and 85% of rent for May 2025 will be paid immediately. HCW and UHF (Landlords) will receive 85% of the rent due for the period June-August 2025. The remaining 15% deferred rent for the May-August 2025 period is due in September 2025."
Meeka Metals Ltd (ASX: MEK)
The Meeka Metals share price is up almost 4% to 14 cents. This morning, this gold explorer released an update on the development of the Murchison Gold project. According to the release, the processing plant has powered up and commissioning is targeted for mid-June. Managing director Tim Davidson said: "With power to the plant and ore stocks on the ROM we are on track for commissioning and first gold in the coming weeks."
