The S&P/ASX 200 Index (ASX: XJO) is back on form on Wednesday. In afternoon trade, the benchmark index is up almost 0.5% to 7,318.1 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are pushing higher:
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Ampol Ltd (ASX: ALD)
The Ampol share price is up 4% to $31.00. This follows the release of the fuel retailer's half-year update. Ampol reported unaudited replacement cost operating profit (RCOP) earnings before interest and tax (EBIT) of $575 million for the half. This was driven by strong performances from its non-refining divisions compared to the prior corresponding period.
Imugene Limited (ASX: IMU)
The Imugene share price is up 10% to 10.25 cents. This morning, this biotechnology company revealed that it has received a core patent from the United States Patent and Trademark Office. The patent protects its oncolytic virotherapy CF33 products, including VAXINIA and CHECKVacc. Both the method of composition and method of use of its licensed oncolytic virotherapy will be protected until 2037.
Mount Gibson Iron Ltd (ASX: MGX)
The Mount Gibson Iron share price is up 9% to 48.5 cents. Investors have been buying this iron ore miner's shares following its quarterly update. Mount Gibson advised that it had a strong finish to FY 2023 as the operating turnaround accelerated at the Koolan Island iron ore mine. This led to record high grade shipping rates being achieved in the June quarter. For FY 2023, full-year sales exceeded guidance at 3.0 Mmwt at an average grade of 65.3% Fe.
Renascor Resources Ltd (ASX: RNU)
The Renascor Resources share price is up 2.5% to 20 cents. This has been driven by news that graphite developer has entered into a non-binding strategic cooperation memorandum of understanding with Japanese anode material manufacturer Mitsubishi Chemical Corporation. It is Japan's largest chemical corporation and one of the world's largest producers of lithium-ion battery anode materials.
