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4 ASX-listed stocks rocketing ahead more than 10% today

These four stocks have shown the index a clean pair of heels today. While the S&P /All Ordinaries Index (Index: ^AORD) (XAO) is down 0.4%, these four are all up more than 10% coming into the close.

Here’s our take on why they have soared today…

Graphite explorer Triton Minerals Ltd (ASX: TON) is up 19.5% at 46 cents. Earlier this week Triton reported that it had issues 2.6 million shares at a deemed issue price of 61 cents, and 5 million options, exercisable at 70 cents which expire in 3 years’ time. The securities were issued as part consideration to acquire an 80% interest in a number of graphite projects. Triton now has 3 prospective graphite projects in the same region.

Intrepid Mines Limited (Australia) (ASX: IAU) shares have soared 10.6%, after the company announced a merger with Blackthorn Resources Limited (ASX: BTR). The combined company will then have a world class copper project in Zambia, named Kitumba, as well as more than $80 million in cash, post-merger.

Adslot Ltd (ASX: ADJ), an internet technology and marketing company has seen its shares rise 14.3% today, despite no announcements from the company. In the past month, shares in Adslot have climbed 60%, partly as a result of a flurry of agreements with some very large companies, including one with Microsoft (PDF), Nielsen Online Ratings and Starcom MediaVest Group (SMG). Investors may also be speculating that Adslot could be a takeover target for a larger tech firm.

Ausdrill Limited (ASX: ASL) shares have soared 13.5%. Yesterday, the mining services company reported an underlying net profit of $29.1 million for 2014, down 68% compared to the previous year. The company appears to be focusing on the right issues, including paying off $71 million of debt, (but still has $400m of net debt) and says it expects an improved earnings result in 2015.

With net tangible assets of $2.37 per share, Ausdrill looks very cheap. The problem is that as Qantas Airways Limited (ASX: QAN) shareholders found out today with the airline’s $2.6 billion writedown – book value doesn’t always equal market value.

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Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga