In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) looks set to end its winning streak. At the time of writing, the benchmark index is down 0.15% to 6,806.2 points.
Four ASX shares that have not let that hold them back today are listed below. Here's why they are charging higher:
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Lake Resources N.L. (ASX: LKE)
The Lake Resources share price is up almost 5% to $1.05. Investors have been buying this lithium developer's shares after it announced a strategic investment and offtake agreement with WMC Energy. The offtake agreement is for up to 25,000 mtpa of battery grade lithium or 50% of the Kachi Project's production.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up 8% to $5.52. This is despite the company announcing the departure of its chief financial officer, Brian Lynn, this morning. Lynn has been with the company for over six years and has chosen to step down in order to spend more time with his family. Pilbara Minerals has commenced a global search for a replacement.
PointsBet Holdings Ltd (ASX: PBH)
The PointsBet share price is up 6% to $2.16. This morning this sports betting company announced an agreement with 1/ST Technology to deliver a fully integrated, white-label advance-deposit wagering horse racing betting experience to PointsBet customers across the United States. Management called this "a pivotal moment" for the company's US expansion.
Polynovo Ltd (ASX: PNV)
The PolyNovo share price is up 14% to $1.67. Investors have been buying this medical device company's shares after it released a trading update. That update revealed that PolyNovo had a record first quarter, with sales growth of 73.3% to $12.5 million. This was driven by strong sales growth in the US and favourable currency movements.
