Why Chalice Mining, Core Lithium, Corporate Travel Management, and NIB are rising

The S&P/ASX 200 Index (ASX: XJO) is on course to record another decent gain on Wednesday. In afternoon trade, the benchmark index is up 0.3% to 6,800.5 points.

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

Chalice Mining Ltd (ASX: CHN)

The Chalice Mining share price is up 5% to $4.17. Investors have been buying this mineral exploration company’s shares following the release of a positive update on its Julimar project. The release notes that drilling to date supports the interpretation of the Gonneville intrusion (and Julimar mafic-ultramafic Complex) as having a rare chonolith-like geometry.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up 9% to $1.39. This is despite there being no news out of the lithium miner today. However, with lithium prices reaching record highs in China this month and a rival reporting further strong prices from its digital auction this week, investors appear excited about Core Lithium’s outlook. Especially given the opening of its Finniss lithium mine this month.

Corporate Travel Management Ltd (ASX: CTD)

The Corporate Travel Management share price is up 3% to $17.28. This appears to have been driven by a broker note out of Goldman Sachs this morning. According to the note, the broker has initiated coverage on the company’s shares with a buy rating and $20.20 price target. Goldman notes that “CTD offers strong growth and margin accretion opportunities with improving scale and a consolidating market.”

NIB Holdings Limited (ASX: NHF)

The NIB share price is up 1.5% to $6.84. Investors have been buying this private health insurer’s shares today after it was the subject of a bullish broker note out of Morgans. According to the note, the broker has upgraded its shares to an add rating with an $8.27 price target.

The post Why Chalice Mining, Core Lithium, Corporate Travel Management, and NIB are rising appeared first on The Motley Fool Australia.

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More reading

• Why has the Core Lithium share price surged 20% so far this week?
• Why is the Chalice Mining share price up 10% and the best performer on the ASX 200 today?
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Here are the top 10 ASX 200 shares 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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Corporate Travel Management Limited and NIB Holdings Limited. 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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