In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up 0.6% to 6,746.4 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:
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Bluebet Holdings Ltd (ASX: BBT)
The BlueBet share price has jumped 19% to 56 cents. The catalyst for this is news that BlueBet has signed a 10-year market access agreement with Caesars Entertainment to operate a new online sportsbook in Indiana. This provides BlueBet with a big market opportunity. There are ~6.8 million people living in the state and $4.5 billion in wagering handle was generated during the last 12 months.
Collins Foods Ltd (ASX: CKF)
The Collins Foods share price is up 11% to $9.92. Investors have been buying this KFC restaurant operator's shares following the release of its FY 2022 results. For the 12 months ended 1 May, Collins Foods delivered an 11.1% increase in revenue to $1,184,5 million and a 25% jump in underlying net profit after tax to $59.7 million. This was driven by growth across the business.
Northern Star Resources Ltd (ASX: NST)
The Northern Star share price is up 6% to $7.44. This morning this gold miner provided an update on its KCGM mill optimisation pre-feasibility study. That update reveals that the study was a success with Northern Star identifying an opportunity to deliver higher-margin ounces at improved capital efficiency.
Tassal Group Limited (ASX: TGR)
The Tassal share price is up 13% to $4.50. This follows news that the seafood producer has received a takeover approach. According to the release, fellow seafood company Cooke Inc has tabled a $4.85 cash per share offer. The Canada-based rival's offer values Tassal at approximately $1 billion. However, management isn't biting. It believes the offer doesn't reflect the fundamental value of the business, nor is it in the best interests of shareholders.
