The S&P/ASX 200 Index (ASX: XJO) is fighting hard to stay in positive territory. In afternoon trade, the benchmark index is up slightly to 7,316.4 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:
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Coronado Global Resources Inc (ASX: CRN)
The Coronado Global share price is up 2.5% to $1.69. This morning, Goldman Sachs responded positively to the coal miner's quarterly update from last week. Its analysts have retained their buy rating and $2.15 price target on its shares. Goldman highlights that Coronado's production was well ahead of its expectations for the quarter. It believes this puts the miner in a position to deliver on the high-end of its guidance in FY 2023.
Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price is up a further 2% to $22.63. Investors have been buying this travel agent giant's shares since it upgraded its earnings guidance for FY 2023 last week. Flight Centre is now guiding to underlying EBITDA between $295 million and $305 million. This is up from between $270 million and $290 million previously. Short sellers could also be buying shares to close their positions.
Meteoric Resources NL (ASX: MEI)
The Meteoric Resources share price is up 7% to 25.2 cents. This follows the release of drilling results from the rare earths explorer. Meteoric revealed that its new diamond drilling conclusively shows the clay zone and the high-grade rare-earth elements (REE) mineralisation extends significantly deeper at the Caldeira Project in Brazil.
Nuix Ltd (ASX: NXL)
The Nuix share price is up a further 5% to $1.15. This investigative analytics and intelligence software provider's shares have been on fire since the release of a trading update last week. That update reveals that Nuix expects its underlying EBITDA to be between $44 million and $47 million in FY 2023. This will be up 51% to 61% on FY 2022's EBITDA.
