In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a high. At the time of writing, the benchmark index is up 0.5% to 7,010.7 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are pushing higher:
Core Lithium Ltd (ASX: CXO)
The Core Lithium share price is up over 6% to $1.29. This morning this lithium developer announced the appointment of its new CEO. According to the release, former Rio Tinto Limited (ASX: RIO) senior leader Gareth Manderson will take the helm on Monday. Manderson has 28 years of experience in the mining and minerals sector.
European Lithium Ltd (ASX: EUR)
The European Lithium share price is up 8% to 8.85 cents. Investors have been buying this lithium explorer's shares after it announced an agreement with BMW. According to the release, the two parties have entered into a non-binding memorandum of understanding for European Lithium's first offtake of battery grade lithium hydroxide.
Incannex Healthcare Ltd (ASX: IHL)
The Incannex Healthcare share price is up 22% to 27.5 cents. Management notes that this acquisition adds 22 clinical and pre-clinical research and development projects to the Incannex pipeline. It rather ambitiously estimates that these projects represent aggregate addressable markets of approximately US$400 billion per annum.
Qantas Airways Limited (ASX: QAN)
The Qantas share price is up 2% to $4.65. This may have been driven by a broker note out of UBS this morning. According to the note, the broker has reiterated its buy rating and $6.55 price target on the airline operator's shares. Its analysts believe that recent weakness has created a compelling buying opportunity for investors.
