The S&P/ASX 200 Index (ASX: XJO) has continued its positive form on Thursday. In afternoon trade, the benchmark index is up 0.6% to 7,158.5 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:
Argosy Minerals Limited (ASX: AGY)
The Argosy Minerals share price is up 4% to 58.2 cents. Investors have been buying this lithium developer's shares after it provided an update on the Rincon Lithium Project in Argentina. According to the release, current commissioning works have produced a battery quality 99.76% lithium carbonate product. This was achieved during part of the overall development towards commencing the 2,000tpa lithium carbonate operation.
Arafura Rare Earths Ltd (ASX: ARU)
The Arafura share price 4.5% to 46 cents. This may have been driven by bargain hunters swooping in after recent share price weakness. Prior to today, the rare earths developer's shares were down approximately 17% in the space of a week.
Deep Yellow Limited (ASX: DYL)
The Deep Yellow share price is up 7% to 74 cents. This uranium developer's shares were already racing higher prior to the release of a positive announcement this afternoon. That announcement reveals that it has completed its two-stage, 10,000m follow-up reverse circulation drill program at the Omahola project, with positive results delivered and new targets identified.
Pro Medicus Limited (ASX: PME)
The Pro Medicus share price is up 5% to $57.17. Investors have been buying this health imaging technology company's shares after it signed a $15 million seven-year deal with Luminis Health. Pro Medicus' technology will replace legacy PACS throughout the Luminis Health network. Management also revealed that its pipeline remains strong and spans all market segments.
