The All Ordinaries Index (ASX: XAO) is down 0.5% in late morning trade on Thursday, but that's not holding back these three high-flying ASX All Ords shares.
Shaking off any concerns over sticky inflation and extended high interest rates, investors are sending these stocks soaring to multi-year highs today.
Which companies are we talking about?
I'm glad you asked!
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ASX All Ords shares flying higher
The first ASX All Ords stock hitting a new multi-year high today is Genex Power Ltd (ASX: GNX).
The Genex share price is up 1.9% today at 27 cents a share, the highest levels since 2018. That sees the Genex share price up an impressive 50% over the past 12 months, with most of those gains delivered since the end of February.
With no new price sensitive information from the company since it announced a funding extension on 13 May, investors may be buying the stock for exposure to its portfolio of sustainable energy assets.
The second ASX All Ords share smashing new multi-year highs today is Clarity Pharmaceuticals Ltd (ASX: CU6).
The Clarity Pharmaceuticals share price is up 5.1% at $4.84 a share. That sees the stock up a whopping 549% over the past 12 months. And, if the gains are maintained, it will mark a new all-time closing high.
Investor enthusiasm was stoked again today after the clinical-stage radiopharmaceutical company announced it had entered into a supply agreement with SpectronRx for the production of diagnostic copper-64 (Cu-64).
The agreement assures a seamless supply of CU-64 for Clarity's products, which are currently progressing through clinical trials.
Clarity executive chairman Alan Taylor said:
We are very excited to bring an additional Cu-64 manufacturer to our extensive and reliable network of copper radioisotope suppliers. SpectronRx will be the first private supplier of Cu-64 to join our network in the US.
Cu-64, with an ideal 12.7-hour half-life, is able to overcome the overwhelming supply restraints of other diagnostic isotopes, specifically Ga-68 with a half-life of ~1 hour and F-18 with a half-life of ~2 hours
Which brings us to the third ASX All Ords share smashing multi-year highs today, Catapult Group International Ltd (ASX: CAT).
Shares in the global sports data and analytics company are rocketing 13.6% today, currently trading for $1.76 apiece. That sees the Catapult share price up 62% over 12 months and trading at its highest levels since October 2021.
The ASX All Ords share is surging after releasing its full FY 2024 results this morning.
Highlights include a 20% year on year increase in revenue (in constant currency) to $152 million.
And the Catapult's profit margin improved by 125% from the prior year, which resulted in $7 million of free cash flow.
