The S&P/ASX 200 Index (ASX: XJO) is on form again and poised to record another solid gain. In afternoon trade, the benchmark index is up 0.55% to 6,685 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are pushing higher:
Pro Medicus Limited (ASX: PME)
The Pro Medicus share price is up 5% to $47.45. This morning the team at Goldman Sachs upgraded this health imaging technology company's shares to a neutral rating from sell. And while the broker's price target of $42.60 is lower than where its shares trade today, Goldman spoke very positively about the company's future.
St Barbara Ltd (ASX: SBM)
The St Barbara share price is up 7.5% to 89.2 cents. Investors have been buying this gold miner's shares after its strong fourth quarter performance allowed it to achieve its revised guidance for FY 2022. Total gold production came in at 86.4k ounces during the quarter, up 40% from the previous quarter. This took its full year production to 281k ounces.
Vulcan Energy Resources Ltd (ASX: VUL)
The Vulcan share price is up 6% to $5.78. As well as getting a boost from a rebound in the lithium industry, a positive announcement has given Vulcan's shares a lift. Vulcan revealed that it has signed an agreement with Italian renewable energy giant Enel Green Power to explore the development of a geothermal well housing lithium in Italy.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price is up 7% to $5.07. Whitehaven Coal and the rest of the resources sector have been performing strongly today amid news that China is planning a huge infrastructure-focused stimulus program to boost its economy. The S&P/ASX 200 Resources index is up 1.8% this afternoon.
