In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week in the red. At the time of writing, the benchmark index is down 0.3% to 7,726.9 points.
Four ASX shares that are not letting that hold them back today are listed below. Here’s why they are rising:
Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is up 3% to $4.21. This morning, this uranium miner announced that production has started at its US-based Alta Mesa In-Situ Recovery (ISR) Central Processing Uranium Plant and Wellfields. Boss Energy’s managing director, Duncan Craib, said: “The start of production at the Alta Mesa Project is another key milestone in the implementation of our strategy to be a global uranium supplier with a diversified production base in tier-one locations.”
Judo Capital Holdings Ltd (ASX: JDO)
The Judo Capital share price is up 4% to $1.36. Investors have been buying this small business lender’s shares this week after S&P Dow Jones Indices announced that it will be added to the ASX 200 index next week. Judo Capital will replace building materials company CSR Ltd (ASX: CSR) when it is removed from the index. Though, this remains subject to shareholder and final court approval of the scheme of arrangement which will see CSR acquired by Compagnie de Saint-Gobain.
Life360 Inc (ASX: 360)
The Life360 share price is up 5% to $15.01. This follows a strong night of trade for the location technology company’s Nasdaq listed shares. After a reasonably lukewarm start to life on Wall Street, the company’s shares finally took off overnight and rose by 6%. The good news is that there could still be plenty more gains to come. Earlier this week, Bell Potter put a buy rating and $17.00 price target on its shares. This implies potential upside of 13% for investors from current levels.
Paladin Energy Ltd (ASX: PDN)
The Paladin Energy share price is up over 1% to $14.30. This appears to have been driven by the release of a broker note out of Citi. According to the note, the broker feels that recent share price weakness due to a pullback in uranium prices has created an attractive entry point for investors. As a result, its analysts have reaffirmed their buy rating and $17.00 price target on the uranium miner’s shares. This suggests that Paladin Energy’s shares could rise by approximately 19% over the next 12 months.
The post Why Boss Energy, Judo Capital, Life360, and Paladin Energy shares are pushing higher appeared first on The Motley Fool Australia.
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More reading
- Brokers name 3 ASX shares to buy now
- Why is ASX 200 uranium stock Boss Energy flying higher on Friday?
- Here are the top 10 ASX 200 shares today
- 2 ASX 200 shares with ex-dividend dates next week
- Why Bubs, Codan, Life360, and Sayona Mining shares are charging higher
Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. The Motley Fool Australia has no position in any of the stocks mentioned. 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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