Why Althea, AnteoTech, New Hope, and Omni Bridgeway shares are pushing higher

These ASX shares are on form on Monday…

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a sizeable decline. At the time of writing, the benchmark index is down 0.95% to 6,614.3 points.

Four shares that are not letting that hold them back today are listed below. Here's why they are pushing higher:

Green arrow going up on stock market chart, symbolising a rising share price.

Image source: Getty Images

Althea Group Holdings Ltd (ASX: AGH)

The Althea share price is up 19% to 9.5 cents. This morning the cannabis company released a trading update which revealed $22 million in receipts from customers for FY 2022. This is an increase of 113% from the previous year. This followed a record final quarter with $6.5 million in receipts from customers.

AnteoTech Ltd (ASX: ADO)

The AnteoTech share price is up 5% to 8.4 cents. This follows the announcement of positive test results from "two respected and recognised global companies operating in the lithium-ion battery (LIB) value chain" for its drop-in cross-linker additive for LIB anodes, AnteoX. The additive has driven an uplift in electrochemical performance for lithium batteries.

New Hope Corporation Limited (ASX: NHC)

The New Hope share price is up almost 6% to $3.81. This is despite there being no news out of the coal miner today. Though, it is worth noting that coal prices had a positive finish to the week. This was possibly driven by China's stimulus plans.

Omni Bridgeway Ltd (ASX: OBL)

The Omni Bridgeway share price is up 3.5% to $3.86. This morning this litigation funder announced that it achieved annual commitments of $463 million for FY 2022. This is a record level and a 12% increase year-on-year. Management advised that the growth in commitments was achieved without any deterioration in the quality of underwriting or compression in margins.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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