Why Booktopia, Nitro, Reliance, & Vulcan shares are charging higher

Booktopia Group Ltd (ASX:BKG) and Vulcan Energy Resources Ltd (ASX:VUL) shares are two of four charging notably higher on Wednesday…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In late morning trade the S&P/ASX 200 Index (ASX: XJO) has returned from the public holiday in a disappointing fashion. At the time of writing, the benchmark index is down 0.7% to 6,777.9 points.

Four ASX shares that have not let that hold them back are listed below. Here's why they are charging higher:

Booktopia Group Ltd (ASX: BKG)

The Booktopia share price has jumped over 11% to $2.95 following the release of its half year update. The online book retailer revealed that it had both a record month in December and a record half. Booktopia shipped a record 728,000 units during the final month of the year, bringing its total shipments to 4.2 million units for the half. This was a 40% increase on the same period last year. This led to a 52% increase in unaudited half year revenue to $113 million and a 506% increase in adjusted EBITDA to $8 million.

Nitro Software Ltd (ASX: NTO)

The Nitro share price has stormed 5.5% higher to $3.23. Investors have been buying the document productivity software company's shares following the release of a strong fourth quarter update. At the end of the quarter, Nitro's annualised recurring revenue (ARR) stood at US$27.7 million. This was up 64% on the prior corresponding period and ahead of its previously upgraded guidance of US$26 million to US$27 million.

Reliance Worldwide Corporation Ltd (ASX: RWC)

The Reliance share price has surged 8% higher to $4.43. The catalyst for this was the release of a half year update by the plumbing parts company. According to the release, Reliance has achieved net sales of $642 million for the six months, which is up 13% on the prior corresponding period. EBITDA is expected to be in the range of $164 million to $167 million, up at least 30% versus the same period last year.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan share price has jumped 13% to $8.22. Investors have been buying the clean lithium developer's shares after it refuted media speculation that it was planning to raise capital. Vulcan advised that it is undertaking a non-deal roadshow and has no immediate plans to launch a capital raising.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Reliance Worldwide Limited. The Motley Fool Australia has recommended Nitro Software Limited and Reliance Worldwide Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors panicked when the latest inflation figures came out today.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Mac Copper, Pro Medicus, Web Travel, and Yancoal shares are pushing higher today

These shares are having a good time on hump day. But why?

Read more »

Silhouettes of nine people climbing a steep mountain to the top at sunset, and helping each other along the way.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a pleasant Tuesday session for ASX investors today.

Read more »

Excited group of friends sitting on sofa watching sports on TV and celebrating.
Share Gainers

Why Boss Energy, Neuren, Strickland, and Vulcan shares are pushing higher today

These shares are having a better day than most today. But why?

Read more »

Woman holding gold bar and cheering.
Gold

Up 200% in 2025, guess which ASX gold stock is surging 11% again today

Investors are sending the ASX gold stock soaring again today. But why?

Read more »

Man with backpack spreading his arms out and soaking in the sun.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a volatile start to the week for the ASX share market...

Read more »

Rising share price chart.
Share Gainers

Why Canyon Resources, Nufarm, Paladin Energy, and WiseTech shares are charging higher today

These shares are starting the week on a positive note. But why?

Read more »

Man with rocket wings which have flames coming out of them.
Gold

Guess which ASX gold stock just rocketed 167% on big news!

Investors are sending the ASX gold stock flying higher on Monday. Let’s find out why.

Read more »