Why Boss Energy, Core Lithium, Latin Resources, and Santos shares are rising today

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

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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:

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.

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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