In afternoon trading, the S&P/ASX 200 Index (ASX: XJO) is poised for another gain. At the time of writing, the benchmark index is up 0.85% to 8,064.6 points. Four ASX stocks stood out today, with the following reasons behind their rallies:
Shares rose 5% to $1.22. The energy producer won investor favor after releasing its quarterly report. Data showed the company produced 4.9 million barrels of oil equivalent (MMboe) during the quarter, generating $552 million in revenue. While this marked a slight sequential decline, it represented significant year-over-year growth. Management reaffirmed its guidance for the remainder of FY2025.
Shares surged 9% to $3.06. The uranium miner’s quarterly report this morning revealed that its Honeymoon project in South Australia achieved positive free cash flow for the first time. Managing Director Duncan Craib stated: “This was a pivotal quarter for Boss Energy, with the Honeymoon project now generating cash flow. This milestone follows a rapid ramp-up in production, with output and costs meeting or exceeding expectations. At current prices, we are earning strong margins—demonstrating the project’s competitiveness in today’s market while highlighting substantial upside as uranium prices rise amid tightening supply.”
Shares climbed 3.5% to $16. The iron ore giant’s Q3 report showed shipments reached 46.1 million tonnes, up 6% year-over-year despite multiple weather disruptions, including a five-day halt at Port Hedland. Total shipments for the first nine months hit a record 143.2 million tonnes, a 4% increase from the prior year.
Shares skyrocketed nearly 15% to $20.86. The mining and mining services company’s quarterly report stood out not for its operational performance but for management’s firm rejection of equity financing: “Given the company’s strong liquidity and multiple levers at its disposal, raising equity is not under consideration.” The company reported over $1.25 billion in available liquidity, including more than $450 million in cash and $800 million in undrawn credit facilities. Net debt stood at $5.4 billion as of the end of Q3 FY2025. Cost-cutting efforts continue, with 1,740 jobs shed since the start of FY2025.
