In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has returned to form and is racing higher. At the time of writing, the benchmark index is up 0.9% to 7,043.6 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are storming higher:
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Argosy Minerals Limited (ASX: AGY)
The Argosy Minerals share price is up 3% to 32.5 cents. This morning the lithium developer released its second update on its Rincon project in Argentina in as many days. Yesterday it revealed that it has completed the brine systems work, whereas today it has taken delivery of German manufactured dryer/evaporator and vibrator equipment. This is the third update of its kind this month.
Block Inc (ASX: SQ2)
The Block share price is up 5% to $140.53. This follows a positive day of trade in the tech sector and a solid night for its US listed shares. It isn't just Block's shares that are rising today. The S&P ASX All Technology index is up by 2% at the time of writing.
Core Lithium Ltd (ASX: CXO)
The Core Lithium share price is up 6% to 93.5 cents. This morning the lithium developer released an update on its drilling activities at the Carlton deposit of the Finniss Lithium Project near Darwin. The release notes that eight of the nine holes intersected spodumene bearing pegmatite mineralisation. Management expects this to underpin an upgrade to the mineral resource of the project.
Mineral Resources Limited (ASX: MIN)
The Mineral Resources share price is up 3.5% to $47.45. Investors have been buying this mining and mining services company's shares following a positive broker note out of Citi. According to the note, the broker has upgraded the company's shares to a buy rating with a $58.00 price target. This follows an upgrade to Citi's near term commodity price forecasts.
