Why Boss Energy, Delta Lithium, Healius, and Origin shares are rising

These ASX shares are having a solid finish to the week. But why?

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decent gain. At the time of writing, the benchmark index is up 0.3% to 7,052.3 points.

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

Boss Energy Ltd (ASX: BOE)

The Boss Energy share price is up 2.5% to $4.43. This has been driven by a bullish broker note out of Bell Potter this morning. According to the note, the broker has upgraded this uranium developer's shares to a speculative buy rating with a $5.53 price target. Bell Potter notes that "uranium fundamentals continue to support our pricing thesis."

Delta Lithium Ltd (ASX: DLI)

The Delta Lithium share price is up 2% to 48.5 cents. After the market close on Thursday, this lithium explorer announced that Gina Rinehart has increased her stake from 7.02% to 12.07%. Yesterday, Rinehart's Hancock Prospecting business picked up 1.1 million shares on market and a further 36.9 million shares via its institutional entitlement offer.

Healius Ltd (ASX: HLS)

The Healius share price is up 3% to $1.33. Investors may believe that this healthcare company's shares have been oversold following its recent capital raising. Following its most recent decline, the Healius share price is now down 57% since this time last year.

Origin Energy Ltd (ASX: ORG)

The Origin share price is up 2.5% to $8.55. This is despite the energy giant's largest shareholder AustralianSuper rejecting the latest Brookfield/EIG takeover approach. The super fund commented: "This latest low-ball offer strengthens AustralianSuper's view that the offer remains substantially below our estimate of Origin's long-term value." Some investors may still believe a deal is possible.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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