The S&P/ASX 200 Index (ASX: XJO) has come under pressure on Thursday. In afternoon trade, the benchmark index is down 0.3% to 7,505.2 points.
Four ASX shares that aren't letting that hold them back today are listed below. Here's why they are charging higher:
De Grey Mining Limited (ASX: DEG)
The De Grey Mining share price is up 2.5% to $1.45. This follows the release of an update on the funding of the Mallina gold project. According to the release, non-binding proposals have been received from 14 leading financial institutions for debt funding to support the development of the project. Management notes that the proposals contain commercial terms consistent with the Tier 1 quality and jurisdiction of the project.
Elders Ltd (ASX: ELD)
The Elders share price is up 4% to $9.17. Bargain hunters appear to be swooping in today after the agribusiness company's shares sank on Wednesday. Goldman Sachs is likely to be supportive of these buyers. It currently has a buy rating and $18.40 price target on Elders' shares. This is double where it currently trades.
Maas Group Holdings Ltd (ASX: MGH)
The Maas share price is up 7% to $3.08. This follows news that the construction material, equipment and service provider has reconfirmed its full year guidance for FY 2023. Investors appear to have been concerned that wet weather would prevent Maas from achieving its guidance this year.
Nuix Ltd (ASX: NXL)
The Nuix share price is up a further 7% to $1.57. Investors have been buying this investigative analytics and intelligence software provider's shares this week thanks to news that it has won a major court battle. Nuix's former CEO took the company to court seeking damages of $187 million plus interest, but this claim was dismissed.
