In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another gain. At the time of writing, the benchmark index is up 0.35% to 7,083.9 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are pushing higher:
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Liontown Resources Ltd (ASX: LTR)
The Liontown share price is up 5% to $1.53. This may have been driven by a broker note out of Goldman Sachs this morning. Its analysts have taken their sell rating off the lithium developer's shares and upgraded them to a neutral rating with a $1.55 price target.
Northern Star Resources Ltd (ASX: NST)
The Northern Star share price is up 4% to $11.90. Investors have been buying this gold miner's shares following the release of an exploration update. Northern Star revealed that more than 130,000 metres of drilling in FY 2024 to date has extended organic growth optionality across all three production centres.
Pexa Group Ltd (ASX: PXA)
The Pexa share price is up 3.5% to $11.87. This follows the release of the property technology company's strategy update. Investors appear pleased with the update and the company's global expansion plans. This includes a sizeable opportunity in the United Kingdom. Management also reaffirmed its FY 2024 guidance.
Star Entertainment Group Ltd (ASX: SGR)
The Star share price is up 1.5% to 54.3 cents. This morning, this casino and resorts operator revealed that it has signed an agreement to formalise NSW casino duty rates. CEO Robbie Cooke said: "The formalisation of these arrangements protects our Sydney team's jobs and enables us to continue the important ongoing work required to restore The Star Sydney to suitability, and to earn back the trust of our stakeholders."
