Why a2 Milk, Airtasker, IRESS, & Regis shares are charging higher

These ASX shares are charging higher on Thursday…

| More on:
green arrow representing a rise in the share price

Image source: Getty Images

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 afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is bouncing back from yesterday's decline and is on course to record a solid gain. The benchmark index is currently up 0.45% to 7,413.6 points.

Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price is up 3% to $6.14. This gain appears to have been driven by a broker note out of UBS this morning. Its analysts believe the recent selloff of its shares due to regulatory concerns in China has been an overreaction. It is comfortable that the company's China-label relicensing program is on track and has reiterated its buy rating.

Airtasker Ltd (ASX: ART)

The Airtasker share price has risen 6% to $1.02 following the release of its fourth quarter and full year update. According to the release, the company reported full year gross marketplace volume (GMV) of $153.1 million, exceeding its prospectus forecast of $143.7 million. Also outperforming forecasts was its statutory cash flow from operating activities, which came in at $5.5 million. This compares to its prospectus forecast of $0.1 million.

IRESS Ltd (ASX: IRE)

The IRESS share price has jumped 14% to $14.30. This morning the financial technology company announced the receipt of another takeover approach. According to the release, EQT Fund Management has made a confidential, unsolicited, non-binding and indicative proposal to acquire IRESS for between $15.30 and $15.50 cash per share. This represents a 22.3% to 23.9% premium to the IRESS share price at yesterday's close. Last month IRESS rejected a $14.80 per share proposal from EQT.

Regis Resources Limited (ASX: RRL)

The Regis Resources share price has stormed 7% higher to $2.66. Investors have been buying this gold miner's shares following the release of its fourth quarter update. That update revealed quarterly gold production of 114,145 ounces, bringing its full year production to 372,870 ounces with an AISC of $1,373 per ounce. Looking ahead, management expects gold production to increase to 460,000 to 515,000 ounces with a lower AISC of $1,290 to $1,365 per ounce in FY 2022.

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. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

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 recommended Airtasker Limited. The Motley Fool Australia has recommended A2 Milk. 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

ASX shares finished the trading week on a high this Friday.

Read more »

A businessman stacks building blocks.
Technology Shares

6% gain! What's up with Block shares today?

Block shares are up more than 34% since 2 May.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Why ARB, Block, Mayne Pharma, and Paladin Energy shares are charging higher today

These shares are having a strong finish to the week. But why?

Read more »

A woman puts her hands up as she smashes and breaks through a glass ceiling.
Share Gainers

How these 5 ASX 200 stocks are smashing the benchmark this week

These fives ASX 200 stocks have made some very happy shareholders this week. Here’s how.

Read more »

A man looking at his laptop and thinking.
Share Gainers

Here are the top 10 ASX 200 shares today

The markets lost their steam this Thursday.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Share Gainers

Why Catapult, Hutchinson, SKS, and West African shares are pushing higher today

These shares are having a strong session despite the market weakness.

Read more »

Rising gold share price represented by a green arrow on piles of gold block.
Gold

Up 72% in 2025, why is this ASX 200 gold stock racing ahead of the benchmark again today?

Investors are bidding up this high-flying ASX 200 gold stock again on Thursday. But why?

Read more »

Businessman smiles with arms outstretched after receiving good news.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a wonderful Wednesday session for investors today.

Read more »