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.
