Itâs a good day to be invested in All Ordinaries Index (ASX: XAO) shares. The index is gaining 0.66% on Thursday, helped along by these companies and their quarterly updates.
Three ASX All Ordinaries shares are lifting by as much as 20% on news of their performance over the three months ended September.
Letâs take a closer look at whatâs got the market excited over the shares.
3 ASX All Ordinaries shares rocketing on quarterlies
The Aurelia Metals Ltd (ASX: AMI) share price is rocketing higher on Thursday. Indeed, itâs one of the best-performing shares on the All Ordinaries Index.
It’s currently up a whopping 20% to trade at 12 cents.
The miner’s gold production increased quarter-on-quarter to 22,500 ounces over the September quarter while its all-in sustaining cost (AISC) dropped to $2,643 an ounce.
It expects to produce 87,000 ounces of gold at an average AISC of $1,900 per ounce this financial year.
The Humm Group Ltd (ASX: HUM) share price is also rocketing higher on Thursday. Itâs up 10.4%, trading at 53 cents.
The provider of buy now, pay later (BNPL) plans’ volumes lifted 29% on those of the prior comparable period to $988.2 million over the quarter just been.
That was driven by an 88% rise in its flexicommercial businessâ volumes, offsetting a 1% in those of its BNPL business.
Finally, the share price of All Ordinaries gold producer Red 5 Limited (ASX: RED) is trading at 17.25 cents right now, 11.3% higher than its previous close.
The company released its activities report for the September quarter today, revealing its King of the Hills project is on track to reach commercial production in the current quarter.
It produced 26,710 ounces of gold over the three months just been, selling 30,005 ounces at the same time. The company will begin to report its AISC when it reaches commercial production.
The post 3 ASX All Ordinaries shares leaping more than 10% on quarterly updates appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now
See The 5 Stocks
*Returns as of September 1 2022
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- Do the highest-yielding ASX dividend shares really offer the best passive income?
- How to avoid making bad investment decisions on the stock market right now: fundie
- How Iâd build a portfolio by investing in top ASX shares now
- 5 things I love about investing in ASX shares
- 3 ASX All Ords shares smashing multi-year highs today
Motley Fool contributor Brooke Cooper 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 Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/o5fIzL8
Leave a Reply