Why Meeka, Nufarm, SKS, and TechnologyOne shares are storming higher

The S&P/ASX 200 Index (ASX: XJO) has returned to form on Thursday and is charging higher. At the time of writing, the benchmark index is up 0.9% to 8,525.6 points.

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

Meeka Metals Ltd (ASX: MEK)

The Meeka Metals share price is up 7% to 23 cents. This follows the release of drilling results from the gold miner's Andy Well Underground Mine. Commenting on the drilling, Meeka's managing director Tim Davidson said: "The high gold grades in this drilling are typical of the Andy Well mineralisation and are likely to extend the mining footprint by 450m to the south, a significant increase to the current mine plan. The high-grade gold remains open down plunge and we see strong potential to further expand the Resource and production plan in this area."

Nufarm Ltd (ASX: NUF)

The Nufarm share price is up 9% to $2.59. This appears to have been driven by the release of a number of bullish broker notes this morning. One of those came from Morgans. In response to its full year results, the broker has upgraded Nufarm's shares to a buy rating with a $3.20 price target. It said: "While NUF's FY25 result was weak, it was slightly above guidance. A solid Crop Protection result was overshadowed by a poor Seed Technologies performance. Gearing was far too high at 2.7x, however it was better than feared Outlook comments were upbeat. In FY26, material earnings growth and a reduction in leverage ratios is expected. We have upgraded our forecasts."

SKS Technologies Group Ltd (ASX: SKS)

The SKS Technologies share price is up 5% to $3.49. This follows the release of an update at the technology solutions provider's annual general meeting. Management revealed that it is forecasting revenue of around $320 million and a profit before tax of $28.8 million. This is being underpinned by "strong demand across all market sectors, with significant and accelerating growth forecasts in the data centre sector."

TechnologyOne Ltd (ASX: TNE)

The TechnologyOne share price is up 6% to $31.06. Investors have been flooding back into the beaten down tech sector today after Nvidia (NASDAQ: NVDA) released a stronger than expected quarterly update. This has eased concerns that there could be an AI bubble that is about to burst. At the time of writing, the S&P/ASX All Technology Index is up by a sizeable 3.3%.

The post Why Meeka, Nufarm, SKS, and TechnologyOne shares are storming higher appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has positions in Technology One. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Nvidia and Technology One. The Motley Fool Australia has recommended Nvidia, Sks Technologies Group, and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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