In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another decent gain. At the time of writing, the benchmark index is up 0.4% to 7,395.2 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are storming higher:
Betmakers Technology Group Ltd (ASX: BET)
The Betmakers share price is up over 3% to 81.5 cents. This morning the betting technology company announced an agreement to become the exclusive provider of pari-mutuel racing services for Caesars Entertainment’s brick-and-mortar retail sportsbook locations in Nevada. Caesars Entertainment is the largest casino-entertainment company in the United States and one of the world’s most diversified casino-entertainment providers.
Centuria Capital Group (ASX: CNI)
The Centuria Capital share price is up 4% to $3.48. This follows the announcement of a series of healthcare property acquisitions across Australia and New Zealand totalling more than $466 million. This includes a geographically dispersed New Zealand portfolio of 38 aged care assets for NZ$291million (A$276million).
Neometals Ltd (ASX: NMT)
The Neometals share price has jumped 8% to $1.09. This morning Neometals revealed that it has successfully commissioned its pilot plant and commenced production of a titanium-rich gravity concentrate sample for offtake evaluation trials. Approximately 150 tonnes of gravity concentrates will be produced and shipped in the first quarter of 2022.
Syrah Resources Ltd (ASX: SYR)
The Syrah share price has surged 23% higher to $1.63. Investors have been buying this battery materials producer’s shares after it announced an offtake agreement with electric vehicle giant Tesla to supply natural graphite Active Anode Material (AAM) from its production facility in Vidalia, USA. Tesla will offtake the majority of the proposed initial expansion of AAM production capacity at Vidalia at a fixed price for an initial term of four years.
The post Why Betmakers, Centuria, Neometals, and Syrah shares are storming higher appeared first on The Motley Fool Australia.
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More reading
- ASX 200 (ASX:XJO) midday update: Medibank and NIB rise, Bega sinks
- Syrah (ASX:SYR) share price rockets 32% higher on Tesla deal
- Why Australian Clinical Labs, Humm, Neometals, and Viva Energy are rising
- Neometals (ASX:NMT) share price jumps on battery recycling update
- Here’s why the Neometals (ASX:NMT) share price is surging 6% today
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. owns and has recommended Betmakers Technology Group Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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