The S&P/ASX 200 Index (ASX: XJO) is having a subdued start to the week. In afternoon trade, the benchmark index is down 0.25% to 7,261.1 points.
Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:
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Bigtincan Holdings Ltd (ASX: BTH)
The Bigtincan share price is up 14% to 57 cents. This morning, the sales enablement platform provider confirmed media speculation that it has received a confidential, non-binding, incomplete and indicative offer from Siris Capital Group. An indicative offer price of $0.80 per share has been tabled.
EBR Systems Inc (ASX: EBR)
The EBR Systems share price is up 9% to 99 cents. Investors have been buying this medical device company's shares after it revealed that its pivotal SOLVE-CRT trial met the primary efficacy and safety endpoints demonstrating statistically significant improvement against benchmarks. The study results showed that patients implanted with its WiSE device saw a 16.4% reduction in heart volume, indicating improved heart function.
Gentrack Group Ltd (ASX: GTK)
The Gentrack share price is rocketing 26% higher to $4.03. This morning, this utilities and airport software solutions provider released its half year results. Gentrack reported a 47.7% increase in revenue to $84.3 million and a profit of $7.9 million. The latter is a big improvement from a $5.8 million loss a year earlier.
New Hope Corporation Limited (ASX: NHC)
The New Hope share price is up 1.5% to $5.20. This has been driven by the release of the coal miner's third-quarter update this morning. For the three months, New Hope reported underlying EBITDA of $448.1 million. This represents an increase of 14.8% compared to the previous quarter and a 20.6% increase compared to the same period last year.
