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:
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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.
