Why Atlantic Lithium, Core Lithium, Life360, and Origin shares are racing higher

These ASX shares are having a very strong session on Tuesday.

James Mickleboro

Author Bio James Mickleboro is an investment writer and analyst who has worked with The Motley Fool Australia for 10 years, covering ASX shares, market news, broker research, dividends, growth stocks, and long-term investing ideas. Over that time, James has written extensively about Australian equities and developed a particular focus on helping everyday investors understand the stories behind share price moves, company announcements, broker views, and broader market trends. His best investment recommendation was identifying Afterpay while it was still a small-cap growth share, before its rise into one of Australia’s biggest technology success stories. His worst investment lesson came from CSL Ltd (ASX: CSL), where he was burnt by believing management could turn the business around sooner than the market ultimately allowed. Areas of Expertise ASX shares Growth and dividend investing Broker research Interpreting company announcements Market news Portfolio strategy Long-term wealth creation Education Bachelor of Politics, Philosophy and Economics. CFA Institute Social Media LinkedIn Favorite Investment Quote "It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price." — Warren Buffett

Published October 10, 2023 2:42 pm AEDT

It has been another positive session for the S&P/ASX 200 Index (ASX: XJO). In afternoon trade, the benchmark index is up 1.2% to 7,054.2 points.

Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:

Two couples having fun racing electric dodgem cars around a track — Image source: Getty Images

Atlantic Lithium Ltd (ASX: A11)

The Atlantic Lithium share price is up 15% to 46 cents. This morning, Atlantic Lithium revealed that the Ghana Environmental Protection Agency (EPA) has authorised two transmission lines to be diverted from the Atlantic's planned mining area at the Eqoyaa operation. Management said: "The planned diversion of the transmission lines forms part of the project's mine plan and represents an important step as the company advances Eqoyaa towards shovel readiness."

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up 7% to 36.5 cents. This appears to have been triggered by a broker note out of Citi this morning. According to the note, the broker has taken its sell rating off the lithium miner's shares. It has now upgraded them to a neutral rating with a 38 cents price target.

Life360 Inc (ASX: 360)

The Life360 share price is up 6% to $8.69. This afternoon, this location technology company corrected a broker research report. It notes that the report cited monthly active user (MAU) data based on inaccurate information from a third-party provider. The market appears pleased with the true figure, which was revealed to be 58.4 million at 30 September. This represents an 8.1% lift since the end of June. Life360 advised that this increase was underpinned by growth across both its US and international operations.

Origin Energy Ltd (ASX: ORG)

The Origin Energy share price is up 5% to $9.16. This follows news that the ACCC has approved the energy giant's takeover by the consortium comprising Brookfield Asset Management and MidOcean Energy. The transaction still remains subject to the Foreign Investment Review Board, among others.

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