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Why ALS, AMA, Chalice Mining, & Jumbo shares are pushing higher

ALS Ltd (ASX:ALQ) and Chalice Mining Ltd (ASX:CHN) shares are two of four pushing notably higher on Wednesday…
The post Why ALS, AMA, Chalice Mining, & Jumbo shares are pushing higher appeared first on The Motley Fool Australia. –

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.1% to 7,122.7 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are rising:

ALS Ltd (ASX: ALQ)

The ALS share price has jumped 11.5% to $12.15. The catalyst for this was the release of the global testing, inspection, and certification company’s full year results. ALS reported a 5% decline in revenue to $1,761.4 million and a 1.5% reduction in underlying net profit after tax to $185.9 million. The latter doesn’t include government subsidies. This was a significant improvement on its first half performance.

AMA Group Ltd (ASX: AMA)

The AMA share price has risen 6.5% to 56 cents following the release of a market update. This morning the smash repairer revealed that vehicle volumes in its workshops in recent months has continued to improve. This is being driven by wet weather, more traditional pre-Covid driving customs, and the reluctance of many people to use public transport.

Chalice Mining Ltd (ASX: CHN)

The Chalice Mining share price has jumped 8% to $8.80. This is despite there being no news out of the gold explorer today. However, it could be due to a rise in the gold price to a four and half month high and a delayed response to a presentation given on Tuesday.

Jumbo Interactive Ltd (ASX: JIN)

The Jumbo share price has climbed 3.5% to $14.14. This may have been driven by a broker note out of Morgan Stanley this morning. According to the note, following the lottery ticket seller’s appearance at a conference, its analysts have retained their overweight rating and $15.20 price target on its shares. It notes that the company sees growth opportunities in the UK market.

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More reading

ASX 200 up 0.2%: CBA share price cracks $100, ALS result impresses

The ALS (ASX:ALQ) share price is rocketing on its latest results
5 things to watch on the ASX 200 on Wednesday

The Chalice Mining (ASX:CHN) share price hits record high today
ASX 200 shares cashing in on the rising gold price this week

The post Why ALS, AMA, Chalice Mining, & Jumbo shares are pushing higher appeared first on The Motley Fool Australia.

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