The S&P/ASX 200 Index (ASX: XJO) is having another solid session. In afternoon trade, the benchmark index is up 0.5% to 7,525.9 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
Core Lithium Ltd (ASX: CXO)
The Core Lithium share price is up 10% to 34.75 cents. This is despite there being no news out of the lithium miner. However, it is worth noting that a number of beaten-down ASX lithium shares are rising today. Investors may believe that M&A activity is going to heat up in the lithium industry.
Healius Ltd (ASX: HLS)
The Healius share price is up 3% to $1.55. This may have been driven by news that an insider has been buying this healthcare company's shares. According to a change of director's interests notice, non-executive director Charles Taylor picked up 50,000 Healius shares through an on-market trade yesterday.
Karoon Energy Ltd (ASX: KAR)
The Karoon Energy share price is up 2.5% to $2.08. This follows an increase in oil prices following attacks in the Red Sea. In addition, this morning Macquarie retained its outperform rating on the energy company's shares with a reduced price target of $2.50. The broker appears positive on the Who Dat acquisition.
WA1 Resources Ltd (ASX: WA1)
The WA1 Resources share price is up 5.5% to $9.29. This morning, this niobium explorer announced further exploration results from drilling at the 100% owned West Arunta Project in Western Australia. Management notes that assay results from the P2 discovery confirm the potential for a large mineralised carbonatite system to be present.
