Why Life360, St George Mining, Telix, and Westgold shares are charging higher today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is back on form and pushing higher. At the time of writing, the benchmark index is up 1.3% to 8,711.9 points.

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

Life360 Inc (ASX: 360)

The Life360 share price is up 10% to $22.49. This follows a strong night of trade for the family safety technology company’s NASDAQ listed shares on Wall Street on Monday. Given that its ASX listed shares sank on Monday, a big reversal was necessary today to bring them to parity. It is also worth noting that late last week Morgan Stanley put an overweight rating and $50.00 price target on Life360’s shares. This is more than double its current share price.

St George Mining Ltd (ASX: SGQ)

The St George Mining share price is up 5.5% to 13.2 cents. This morning, the rare earths developer announced the appointment of Carla Grasso, a senior Brazilian resource geologist, to the role of Principal Geologist. It notes that this is a key executive appointment that underscores St George’s commitment to an accelerated development of the world-class Araxa Rare Earths-Niobium Project. St George Mining’s executive chair, John Prineas, said: “We are delighted to welcome Carla Grasso to our Brazilian team as we build momentum for the potential development of a mining operation at the Araxa Project.”

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix Pharmaceuticals share price is up 7.5% to $10.96. This follows the release of an update on part one of the ProstACT Global Phase 3 study. This is the safety and dosimetry lead-in for its therapeutic candidate, TLX591-Tx. Telix revealed that it achieved its primary objectives, demonstrating an acceptable safety and tolerability profile with no new safety signals observed. Telix’s group chief medical officer, David N. Cade, MD, said: “Despite advances in clinical practice, men with advanced prostate cancer still need improved first and second line treatment options. These results build on prior findings and highlight the potential for TLX591-Tx in combination with contemporary standard of care, to become a new first-line option for patients facing this aggressive disease.”

Westgold Resources Ltd (ASX: WGX)

The Westgold Resources share price is up 4% to $6.50. This morning, this gold miner announced board approval for a $145 million investment in the Higginsville Expansion Plan (HXP). This will lift plant capacity by 62.5% from 1.6Mtpa to 2.6Mtpa. Westgold’s CEO, Wayne Bramwell, said: “The Higginsville Expansion Plan (HXP) is the next step to drive down unit costs and increase Group free cash flow from the Southern Goldfields.”

The post Why Life360, St George Mining, Telix, and Westgold shares are charging higher today appeared first on The Motley Fool Australia.

More reading

• Why are Life360 shares soaring 10% higher today?
• This ASX gold stock is trading higher after greenlighting expansion plans
• Telix shares jump 14% on big news
• Westgold Resources gives green light to $145m Higginsville expansion
• Telix Pharmaceuticals reports positive TLX591-Tx Phase 3 results

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 and Telix Pharmaceuticals. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool Australia has recommended Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.