In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small gain. At the time of writing, the benchmark index is up 0.25% to 6,973.6 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are racing higher:
Aeris Resources Ltd (ASX: AIS)
The Aeris Resources share price is up 11% to 59 cents. This morning, analysts at Bell Potter retained their buy rating on this copper miner's shares with an improved price target of 95 cents. This was in response to news that it has discovered a new massive sulphide lens at the Bentley deposit at its 100%-owned Jaguar Operations.
Block Inc (ASX: SQ2)
The Block share price is up over 2% to $91.01. Investors have been buying this payments company's shares today after they crashed deep into the red on Friday following a short seller attack from Hindenburg Research. Investors may believe this was an overreaction.
Fineos Corporation Holdings PLC (ASX: FCL)
The Fineos share price is up 4.5% to $1.17. This morning, this core systems provider to the life, accident and health, and employee benefits insurance industries revealed a cost cutting plan. It has identified operating cost reduction opportunities totalling 10 million euros. Pleasingly, management doesn't expect this to impact its growth.
Tyro Payments Ltd (ASX: TYR)
The Tyro share price is up 3.5% to $1.46. The catalyst for this has been speculation that Potentia is planning to make a $1.70 per share takeover offer. Tyro responded to the speculation by advising that no offer has been received. However, it confirmed that takeover talks between the two parties are continuing.
