The S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small gain. In afternoon trade, the benchmark index is up 0.1% to 7,460.5 points.
Four ASX shares that are climbing more than most today are listed below. Hereâs why they are charging higher on Monday:
Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is up 7% to $2.44. This morning, this uranium developer announced that it continues to make strong progress on all fronts at its Honeymoon project. Committed expenditure under the re-development program has now reached the halfway mark, totalling $55.1 million of the budgeted ~$105.4 million capital expenditure. Management notes that this major milestone means the project is running on time and on budget.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up a further 6.5% to $4.85. Analysts at Morgans have responded to the lithium miner’s quarterly update by reiterating their add rating with an improved price target of $5.40. Morgans highlights that Pilbara Minerals’ production and revenue were ahead of expectations.
Sezzle Inc (ASX: SZL)
The Sezzle share price is up over 18% to 64 cents. This has been driven by the release of a trading update from the buy now pay later (BNPL) provider this morning. Sezzle revealed that in December it achieved its second consecutive month of profitability. This was underpinned by a 15.7% year-over-year boost in revenue to $19.9 million in December.
Zip Co Ltd (ASX: ZIP)
The Zip share price is up 15% to 78.5 cents. Investors have been buying Zipâs shares today in response to Sezzleâs aforementioned update. This appears to have sparked hopes that Zip will be able to achieve profitability as planned in the near future.
The post Why Boss Energy, Pilbara Minerals, Sezzle, and Zip shares are charging higher appeared first on The Motley Fool Australia.
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More reading
- Why is the Zip share price rocketing 18% higher today?
- Guess which ASX BNPL share just rocketed 24% on return to profitability
- Should I buy Pilbara Minerals shares following the lithium miner’s latest update?
- My top predictions for ASX lithium shares in 2023
- Here are the top 10 ASX 200 shares today
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Zip Co. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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