The S&P/ASX 200 Index (ASX: XJO) is having a subdued start to the week. In afternoon trade, the benchmark index is down 0.15% to 8,349.3 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are charging higher today:
The Canyon Resources share price is up 6% to 26.5 cents. This follows news that the bauxite developer has signed a binding agreement with AFG Bank Cameroon for a medium-term syndicated credit facility of US$140 million. This credit facility will be used for the acquisition of locomotives, wagons, the development of rail ore transport infrastructure, and the port facility for the flagship Minim Martap Bauxite Project.
The Nufarm share price is up 4% to $2.57. This morning, this crop protection company responded to a price query from the Australian stock exchange. Nufarm defended its decision to not update the market on its half year earnings expectations ahead of its results release. It highlights that its earnings were within 10% of consensus estimates. It notes that "an entity which does not have published guidance on foot and is covered by sell side analysts should carefully consider notifying the market if and when it expects there to be a 15% or greater difference between its actual or projected earnings."
The Paladin Energy share price is up a further 13% to $6.53. This uranium miner has been racing higher over the past two sessions thanks to a news that US President Donald Trump is looking to jumpstart the nuclear energy industry. According to the White House, at the end of last week, the President "signed an Executive Order to rapidly deploy advanced nuclear technologies to support national security objectives, including powering artificial intelligence (AI) computing infrastructure and national security installations."
The WiseTech Global share price is up 5% to $105.33. This follows news that the logistics solutions company has signed an agreement to acquire U.S.-based E2open (NYSE: ETWO) for US$2.1 billion (A$3.25 billion). The cloud-based e2open platform connects more than 500,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 18 billion transactions annually. Founder, executive chair, and chief innovation officer, Richard White, said: "Acquiring e2open is a strategically significant step in achieving our expanded vision to be the operating system for global trade and logistics."
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。