The S&P/ASX 200 Index (ASX: XJO) is having a subdued finish to the week. In afternoon trade, the benchmark index is down 0.15% to 7,162.2 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is up 2.5% to $3.91. Bargain hunters appear to be swooping in today after a pullback following a capital raising. The uranium developer raised $205 million at $3.95 per new share this week to fund an acquisition and growth initiatives.
Core Lithium Ltd (ASX: CXO)
The Core Lithium share price is up 3% to 26.25 cents. This may have been driven by strong gains from Chinese lithium miners yesterday. Investors may believe that this is a sign that the lithium rout is coming to an end and have been buying Core Lithium's beaten-down shares today.
Latin Resources Ltd (ASX: LRS)
The Latin Resources share price is up 20% to 22.2 cents. This morning, analysts at Bell Potter retained their speculative buy rating on this lithium developer's shares with a slightly trimmed price target of 46 cents. The broker highlights that "LRS is funded to aggressively pursue the DFS, exploration and environmental permitting to de-risk the project. Regional exploration provides further potential upside."
Santos Ltd (ASX: STO)
The Santos share price is up 6.5% to $7.28. Investors have been buying the company's shares after it confirmed media speculation that it could be involved in a mega merger deal with one of its larger rivals. Though, talks are ongoing and the company warned that there's no guarantee that a deal will be reached.
