Why Cogstate, Global Lithium, Premier, and Woodside shares are charging higher

These ASX shares are storming higher today…

| More on:
Man drawing an upward line on a bar graph symbolising a rising 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 having a day to remember. At the time of writing, the benchmark index is up 1.8% to 6,579.1 points.

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

Cogstate Limited (ASX: CGS)

The Cogstate share price is up 16% to $2.21. Investors have been buying this neuroscience technology company's shares after Japanese drugmaker Eisai revealed that its experimental drug for Alzheimer's disease has helped slow cognitive decline in patients in the early stages of the illness. While Cogstate won't benefit directly from this, it has suggested that the news could "lead to a general increase in research and development expenditure in respect of Alzheimer's disease, which may provide additional sales opportunities."

Global Lithium Resources Ltd (ASX: GL1)

The Global Lithium share price is up almost 7% to $2.30. This morning the lithium developer announced an agreement with leading Korean battery manufacturer SK On Co (SKO). SKO is a supplier of batteries to global automakers, including Ford Motor Company, Hyundai Motor Company and Volkswagen.

Premier Investments Limited (ASX: PMV)

The Premier Investments share price is up over 14% to $23.66. This follows the release of a very strong full year result from the retail conglomerate this morning. Premier Investment reported a 5.2% increase in global sales to $1,497.5 million and a 4.9% lift in net profit after tax to $285.2 million. This was driven by strong sales growth online and from the Peter Alexander and Smiggle brands.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is up 3.5% to $31.80. Investors have been buying Woodside shares after oil prices raced higher overnight. This was driven by news that US crude and fuel stocks had fallen more than expected. It isn't just Woodside rising today. The S&P/ASX 200 Energy index is up 3.2% this afternoon.

Should you invest $1,000 in Bitcoin.ℏ right now?

Before you buy Bitcoin.ℏ shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Bitcoin.ℏ wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

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 positions in and has recommended CogState Limited. The Motley Fool Australia has positions in and has recommended CogState Limited. The Motley Fool Australia has recommended Premier Investments Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

Happy woman working on a laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a pleasant end to the trading week for investors this Friday.

Read more »

A happy investor sits at his desk in front of his laptop and does the mexican wave with his arms to celebrate the returns from his ASX dividend shares
Share Gainers

Why Chrysos, GQG Partners, Macquarie, and Webjet shares are storming higher today

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

Read more »

A young man sits at his desk working on his laptop with a big smile on his face.
Share Gainers

The top 3 ASX 200 trades since the Liberation Day dip

These companies are up at least 35% in just over a month.

Read more »

A man in his 30s holds his laptop and operates it with his other hand as he has a look of pleasant surprise on his face as though he is learning something new or finding hidden value in something on the screen.
Share Gainers

Boss Energy shares have rocketed 90% in a month. Here's why

The massive rally in Boss Energy shares will be painful to the host of short sellers betting against the uranium…

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors sent the market higher once again today.

Read more »

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

3 reasons to buy this surging ASX All Ords gold stock today

The ASX All Ords gold stock has doubled investors’ money in 12 months, and this leading expert forecasts more outperformance…

Read more »

Two colleagues at work looking at a tablet and smiling at a rising share price.
Share Gainers

Why Generation Development, Orica, Pro Medicus, and Zip shares are storming higher today

These shares are having a strong session on Thursday. But why?

Read more »

Cropped shot of an attractive young female scientist working on her computer in the laboratory.
Healthcare Shares

Up 114% in a year, why is the Pro Medicus share price leaping higher again on Thursday?

Pro Medicus shares are back in form today and leaping ahead. Here’s why.

Read more »