In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a sizeable decline. At the time of writing, the benchmark index is down 0.95% to 6,614.3 points.
Four shares that are not letting that hold them back today are listed below. Hereâs why they are pushing higher:
Althea Group Holdings Ltd (ASX: AGH)
The Althea share price is up 19% to 9.5 cents. This morning the cannabis company released a trading update which revealed $22 million in receipts from customers for FY 2022. This is an increase of 113% from the previous year. This followed a record final quarter with $6.5 million in receipts from customers.
AnteoTech Ltd (ASX: ADO)
The AnteoTech share price is up 5% to 8.4 cents. This follows the announcement of positive test results from âtwo respected and recognised global companies operating in the lithium-ion battery (LIB) value chainâ for its drop-in cross-linker additive for LIB anodes, AnteoX. The additive has driven an uplift in electrochemical performance for lithium batteries.
New Hope Corporation Limited (ASX: NHC)
The New Hope share price is up almost 6% to $3.81. This is despite there being no news out of the coal miner today. Though, it is worth noting that coal prices had a positive finish to the week. This was possibly driven by Chinaâs stimulus plans.
Omni Bridgeway Ltd (ASX: OBL)
The Omni Bridgeway share price is up 3.5% to $3.86. This morning this litigation funder announced that it achieved annual commitments of $463 million for FY 2022. This is a record level and a 12% increase year-on-year. Management advised that the growth in commitments was achieved without any deterioration in the quality of underwriting or compression in margins.
The post Why Althea, AnteoTech, New Hope, and Omni Bridgeway shares are pushing higher appeared first on The Motley Fool Australia.
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More reading
- ASX 200 midday update: EML crashes amid CEO exit, Costa and Domino’s sink on broker downgrades
- Anteotech share price surges 20% after passing first lithium battery hurdle
- Here are the top 10 ASX shares today
- Becoming Australia’s biggest export failed to ignite ASX coal shares today
- 5 worst ASX energy shares of FY22
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 no position in any of the stocks mentioned. 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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