In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up 0.6% to 7,063.7 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are charging higher:
Aristocrat Leisure Limited (ASX: ALL)
The Aristocrat Leisure share price is up a further 3.5% to $40.31. Investors have been buying the gaming technology company’s shares since the release of a strong first half update on Monday. One broker that was particularly impressed was UBS. This morning its analysts retained their buy rating and lifted their price target to $42.50.
Creso Pharma Ltd (ASX: CPH)
The Creso Pharma share price is up almost 7% to 16 cents. The catalyst for this was the release of the cannabis company’s tenth announcement in six weeks. Today’s announcement reveals that Creso has finalised the development of its patented anibidiol-swine product. The product is intended as a complementary feedstock for pigs. It was developed to address the need for an effective, natural and plant based complementary feed to support the reduction of stress and swine tail biting.
Nuix Ltd (ASX: NXL)
The Nuix share price has jumped 12% to $3.52. Investors have been buying the analytics company’s shares following its investor day event. At the event, management apologised to shareholders for a series of failings since its IPO. Nuix also advised that it will be reviewing its governance in light of the missteps.
Resolute Mining Limited (ASX: RSG)
The Resolute Mining share price has risen 4% to 64.5 cents. Investors have been buying Resolute and other gold miners today following a rise in the gold price overnight. The precious metal hit a three-month high after bond yields softened. The S&P/ASX All Ordinaries Gold index is up a sizeable 2.5% at the time of writing.
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Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of February 15th 2021
More reading
- Nuix (ASX:NXL) share price gains 12% on signals of accountability
- ASX 200 up 0.6%: James Hardie Q4 update, St Barbara sinks, Nuix jumps
- Why the Creso Pharma (ASX:CPH) share price is on fire today
- ASX 200 rises, Nuix drops, Elders falls
- Here’s why the Macquarie (ASX:MQG) share price sank 5% today
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Nuix Pty Ltd. The Motley Fool Australia has recommended Nuix Pty Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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