In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) on course for a much-needed gain. At the time of writing, the benchmark index is up 0.3% to 7,029.4 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:
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Atlantic Lithium Ltd (ASX: A11)
The Atlantic Lithium share price is up 11% to 45.5 cents. This may have been driven by short sellers closing positions or investors believing that the lithium developer's shares have been unfairly punished following a short attack. Its shares are still down by over a third since the start of the year.
Life360 Inc (ASX: 360)
The Life360 share price is up 6% to $5.15. This morning, analysts at Goldman Sachs labelled the location technology company's shares as "materially undervalued." The broker has reaffirmed its buy rating and $7.90 price target, which implies material upside from current levels. Goldman highlights the resilience of Life360's business model and strong growth outlook as reasons to buy.
Neuren Pharmaceuticals Ltd (ASX: NEU)
The Neuren Pharmaceuticals share price is climbing yet again and up over 15% to $11.53. Investors have been scrambling to buy this biotech share this week after its treatment for Rett's Syndrome was granted US FDA approval. Bell Potter still sees decent upside ahead for its shares. This morning, it retained its speculative buy rating with an improved price target of $13.67.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price is up 3.5% to $6.99. This could also be down to a bullish broker note. This morning, analysts at Morgans retained their add rating with a $10.35 price target on the coal miner's shares. It is also forecasting a fully franked 10% dividend yield on top of this.
