Why Corporate Travel, Leo Lithium, Regis Resources, and Whitehaven Coal are charging higher

These ASX shares are having a strong session on Thursday.

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The S&P/ASX 200 Index (ASX: XJO) has followed Wall Street's lead and dropped into the red on Thursday. In afternoon trade, the benchmark index is down 0.3% to 7,324 points.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are racing higher:

Corporate Travel Management Ltd (ASX: CTD)

The Corporate Travel Management share price is up 10% to $20.87. Investors have been buying this corporate travel specialist's shares after it announced a huge contract win. That contract is the Bridging Accommodation and Travel Services contract from the UK Home Office. Management estimates it to be worth nearly £1.6 billion in total transaction volume (TTV) over two years, which equates to approximately $2.99 billion Australian dollars.

Leo Lithium Ltd (ASX: LLL)

The Leo Lithium share price is up 5% to 51 cents. This follows the announcement of further high-grade drilling results from this lithium developer's Goulamina project in Mali. Managing Director, Simon Hay, commented: "The latest set of results from our ongoing drilling campaign are again set to enhance the already high-quality Goulamina Resource."

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is up 4% to $2.34. This has been driven by another rise in the gold price and the release of a bullish broker note out of Credit Suisse. In respect to the latter, the broker has upgraded this gold miner's shares to an outperform rating with a $2.70 price target.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is up 3% to $6.94. This morning, analysts at Citi reaffirmed their buy rating on the coal miner's shares following its guidance downgrade. And while the broker has trimmed its price target to $8.80, this still implies material upside from current levels.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Corporate Travel Management. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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