The S&P/ASX 200 Index (ASX: XJO) is having a subdued start to the week. In afternoon trade, the benchmark index is down 0.25% to 7,261.1 points.
Four ASX shares that are not letting that hold them back today are listed below. Hereâs why they are rising:
Bigtincan Holdings Ltd (ASX: BTH)
The Bigtincan share price is up 14% to 57 cents. This morning, the sales enablement platform provider confirmed media speculation that it has received a confidential, non-binding, incomplete and indicative offer from Siris Capital Group. An indicative offer price of $0.80 per share has been tabled.
EBR Systems Inc (ASX: EBR)
The EBR Systems share price is up 9% to 99 cents. Investors have been buying this medical device companyâs shares after it revealed that its pivotal SOLVE-CRT trial met the primary efficacy and safety endpoints demonstrating statistically significant improvement against benchmarks. The study results showed that patients implanted with its WiSE device saw a 16.4% reduction in heart volume, indicating improved heart function.
Gentrack Group Ltd (ASX: GTK)
The Gentrack share price is rocketing 26% higher to $4.03. This morning, this utilities and airport software solutions provider released its half year results. Gentrack reported a 47.7% increase in revenue to $84.3 million and a profit of $7.9 million. The latter is a big improvement from a $5.8 million loss a year earlier.
New Hope Corporation Limited (ASX: NHC)
The New Hope share price is up 1.5% to $5.20. This has been driven by the release of the coal minerâs third-quarter update this morning. For the three months, New Hope reported underlying EBITDA of $448.1 million. This represents an increase of 14.8% compared to the previous quarter and a 20.6% increase compared to the same period last year.
The post Why Bigtincan, EBR, Gentrack, and New Hope shares are storming higher appeared first on The Motley Fool Australia.
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More reading
- Guess which ASX All Ords share is soaring 16% amid a fresh takeover bid
- New Hope share price charges 4% higher on strong Q3 earnings growth
- Here are the top 10 ASX 200 shares today
- Looking for passive income? Hereâs the yield youâre earning if you bought New Hope shares in June
- Why Alumina, New Hope, Virgin Money, and Vulcan Energy shares are falling
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 Bigtincan. The Motley Fool Australia has positions in and has recommended Bigtincan. 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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