The S&P/ASX 200 Index (ASX: XJO) is back on form and storming higher on Thursday. In afternoon trade, the benchmark index is up 1.5% to 8,626.4 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are charging higher:
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Brightstar Resources Ltd (ASX: BTR)
The Brightstar Resources share price is up 7.5% to 36 cents. This morning, the gold developer revealed that construction of the Goldfields Project is set to commence, with a final investment decision expected this month. And if everything goes to plan, first gold is expected in the June quarter of 2027. Brightstar's managing director, Alex Rovira, commented: "We are excited by the strong momentum building across our Goldfields Project. With all critical workstreams aligned, the platform is set for us to execute on the next phase of our growth plans. The receipt of final approvals will position Brightstar to execute the full EPC contract and declare final investment decision this month to move into construction of the 1.5Mtpa Laverton Processing Plant."
Catapult Sports Ltd (ASX: CAT)
The Catapult Sports share price is up a further 13% to $3.83. This sports technology company's shares have rallied this week following the release of its FY 2026 results. Bell Potter responded positively to the result. This morning, the broker retained its buy rating on Catapult's shares with an improved price target of $4.65. Bell Potter said: "FY26 management EBITDA – the key earnings metric – of US$24.7m was 8% above our forecast of US$23.0m and 10% above consensus of US$22.4m. Notably, the guidance was 50% growth and it came in at 67%. The beat was driven by a 2% beat at revenue (US$140.7m vs BPe US$137.9m) and a 90bp beat at the margin (17.6% vs BPe 16.7%)."
IperionX Ltd (ASX: IPX)
The IperionX share price is up 4% to $4.86. This morning, the titanium alloys producer announced the successful commissioning of a cutting-edge six-axis powder metallurgy press at its Titanium Manufacturing Campus. The company's CEO, Anastasios Arima, said: "Commissioning this advanced SACMI press is an important milestone for IperionX. It gives us greater titanium manufacturing capacity and more flexibility to manufacture a wider range of titanium components for customers in defense, aerospace and industrial markets."
Zip Co Ltd (ASX: ZIP)
The Zip share price is up 4% to $2.29. Investors have been buying the buy now pay later provider's shares after it announced an agreement to continue using the Zip name in the Australian market. Earlier this month, Zip revealed that it would have to rebrand after losing a court case. However, it has now agreed to acquire the trademark from Firstmac for an undisclosed amount. It said: "While the terms of the settlement agreement are otherwise confidential, Zip has no further liability for damages or costs in relation to Firstmac's proceedings and Zip confirms that the amount payable under this settlement is not material to the Zip Group and does not affect Zip's FY26 guidance."
