In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with another disappointing decline. At the time of writing, the benchmark index is down 1.35% to 7,098.4 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Delta Lithium Ltd (ASX: DLI)
The Delta Lithium share price is up almost 23% to 89.5 cents. Investors have been scrambling to buy this lithium explorer's shares following the release of "stunning" drilling results from the Yinnetharra Lithium Project within the Gascoyne Lithium Province of Western Australia. Management said: "We are very pleased with results to date and with multiple targets to test, we have massive upside ahead of us."
Endeavour Group Ltd (ASX: EDV)
The Endeavour share price is up 2% to $6.27. This may have been driven by demand for companies with defensive earnings in the current uncertain economic environment. In addition, media reports suggest that Endeavour could be looking at making some acquisitions in the near future.
Predictive Discovery Ltd (ASX: PDI)
The Predictive Discovery share price is up 3% to 16.5 cents. This gold share continues its recovery after being sold off earlier this week. Investors were hitting the sell button following the release of assay results from its ongoing drilling programs at the Bankan Gold Project in Guinea. It seems that some investors were actually pleased with the results in the end.
Talga Group Ltd (ASX: TLG)
The Talga share price is up 4% to $1.43. Investors have been buying this graphite developer's shares this week after it received the environmental permit for its commercial battery anode plant in Lulea, Sweden. This will allow Talga to commence refinery construction groundworks in the third quarter of 2023. Once constructed, it will be Europe's first commercial natural graphite anode plant.
