In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.15% to 7,451.7 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are surging higher:
Crown Resorts Ltd (ASX: CWN)
The Crown Resorts share price is up 7% to $10.34. Investors have been buying the casino operator's shares after it was revealed that it would not be stripped of its casino licence in Melbourne. While the final report of the Royal Commission into Crown's suitability to run Crown Melbourne found the company unfit, it did not recommend removing its casino licence. Instead, the report recommends Crown keep its casino licence under the close watch of a special manager.
Dicker Data Ltd (ASX: DDR)
The Dicker Data share price has jumped almost 13% to $14.87. This follows the release of the computer hardware and software distributor's third quarter update. Dicker Data revealed a 16.1% increase in revenue year to date to $1,720.4 million and a 26% increase in profit before tax year to date to $76.6 million.
Neometals Ltd (ASX: NMT)
The Neometals share price is up 13% to $1.03. Investors have been buying the battery materials company's shares after it revealed that its joint venture company, Primobius, has completed the commissioning of its lithium-ion battery recycling demonstration plant.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up 6% to $2.22. This follows news that the lithium producer has formed an incorporated joint venture with Korean giant POSCO. The joint venture will develop and operate a 43ktpa lithium hydroxide monohydrate (LHM) conversion facility in South Korea. Pilbara Minerals will initially hold an 18% stake in the joint venture. However, it has opportunities to increase this to 30% in the future.
