Why AGL, Invictus Energy, Maas, and Mach7 shares are pushing higher today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed Wall Street’s lead and dropped into the red. At the time of writing, the benchmark index is down 0.55% to 7,094.7 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:

AGL Energy Limited (ASX: AGL)

The AGL share price is up 2% to $8.04. Investors have been buying this energy company’s shares despite there being no news out of it. They may be looking for safe havens given the share market’s current volatility.

Invictus Energy Ltd (ASX: IVZ)

The Invictus Energy share price is up 17% to 34.5 cents. Yesterday this energy explorer revealed that underwater drilling encountered fluorescence and elevated gas shows in multiple zones of the Upper Angwa primary target. Managing Director Scott Macmillan said: “We have had further encouraging signs from the Mukuyu-1 sidetrack well since drilling recommenced, with multiple zones encountering elevated gas shows and fluorescence in our Upper Angwa primary target proving relatively consistent with the original Mukuyu-1 well.”

Maas Group Holdings Ltd (ASX: MGH)

The Maas share price is up 2% to $2.64. This is despite there being no news out of the construction materials, equipment and service provider. Though, it is worth highlighting that Goldman Sachs initiated coverage on the company this month with a buy rating and lofty $4.20 price target. This implies significant upside over the next 12 months.

Mach7 Technologies Ltd (ASX: M7T)

The Mach7 share price is up almost 2% to 57 cents. This morning, this medical imaging software solutions company announced a sales agreement with Nuvodia. The agreement is for Mach7’s entire Enterprise Imaging Platform, which will provide a true enterprise wide PACS solution. The subscription contract has a five-year term and a total contract value of $2.5 million. Nuvodia is a US-based national IT and radiology service provider that creates, manages, and supports mission-critical IT environments.

The post Why AGL, Invictus Energy, Maas, and Mach7 shares are pushing higher today appeared first on The Motley Fool Australia.

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More reading

• Buy AGL shares for 17% upside: top broker
• Here are the top 10 ASX 200 shares today
• 2 directors have been buying up AGL shares. Should you?
• Why is the AGL share price tumbling on Monday?
• Top brokers name 3 ASX shares to buy next week

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 Mach7 Technologies. The Motley Fool Australia has recommended Mach7 Technologies. 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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