In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. At the time of writing, the benchmark index is down 0.1% to 7,496 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Image source: Getty Images
Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is up 5% to $5.10. Investors have been fighting to get hold of Boss Energy and other ASX uranium shares again on Friday. This has been driven by news that the price of the chemical element has soared beyond US$90 per pound.
Core Lithium Ltd (ASX: CXO)
The Core Lithium share price is up 5% to 20.5 cents. Investors have been buying this lithium miner's shares again on Friday despite there being no news. This could be a combination of short-sellers buying shares to close positions and bargain hunters swooping in after heavy declines over the last 12 months.
Pinnacle Investment Management Group Ltd (ASX: PNI)
The Pinnacle share price is up 3% to $10.32. This morning, analysts at Macquarie retained their outperform rating with a $10.75 price target. The broker was pleased with Pinnacle's market update from earlier this week, noting that it positively surprised with higher-than-expected performance fees.
Syrah Resources Ltd (ASX: SYR)
The Syrah share price is up 5% to 55.2 cents. This morning, this graphite producer released an update on its Vidalia operation in the United States. According to the release, Syrah expects Active Anode Material (AAM) production at Vidalia to start by the end of January. It notes that commissioning processes are well-advanced or complete across all parts of the facility.
