The S&P/ASX 200 Index (ASX: XJO) is back on form on Tuesday and charging higher. In afternoon trade, the benchmark index is up 1.1% to 7,080.5 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are racing higher:
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Capricorn Metals Ltd (ASX: CMM)
The Capricorn Metals share price is up over 7% to $4.36. This morning, this gold miner revealed that it achieved record annual production in FY 2023. Capricorn Metals delivered annual production of 120,014 ounces at Karlawinda Gold Project for the 12 months. This is within its production guidance range of 115,000 ounces to 125,000 ounces.
Megaport Ltd (ASX: MP1)
The Megaport share price is up almost 29% to $8.65. Investors have been buying this ASX tech share on Tuesday after it upgraded its guidance for FY 2023. Megaport now expects its normalised EBITDA for FY 2023 to be in the range of $19 million to $21 million. This compares to its previous guidance range of $16 million to $18 million. Management also expects its FY 2024 EBITDA to be higher than prior guidance.
RPMGlobal Holdings Ltd (ASX: RUL)
The RPMGlobal share price is up 8% to $1.50. This has been driven by the release of a trading update from the mining software company. RPMGlobal revealed that total contracted value (TCV) derived from software sales is expected to be $70.5 million in FY 2023. This is a $14.3 million or 25.4% increase from the $56.2 million it achieved in the previous financial year.
Sayona Mining Ltd (ASX: SYA)
The Sayona Mining share price is up 4% to 18.7 cents. This follows an update on the company's Moblan Lithium Project in Canada. Sayona advised that it has identified a significant expansion to its lithium footprint following recent drilling. Management believes "Moblan is shaping up as one of the leading hard rock lithium deposits in North America."
