The S&P/ASX 200 Index (ASX: XJO) is having a subdued session on Wednesday. In afternoon trade, the benchmark index is down slightly to 7,773.4 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising today:
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Chrysos Corporation Ltd (ASX: C79)
The Chrysos Corporation share price is up almost 6% to $5.53. This is despite there being no news out of the mining technology company today. However, it is worth noting that the company did reveal some insider buying earlier this week. As I covered here, its director Gregory Holt picked up 12,000 shares through an on market trade on 12 June. Holt paid an average of $5.05 per share, which equates to a total consideration of $60,600. Chrysos Corporation shares are down by almost 35% since the start of the year and to a level that this director appears to believe is attractive.
Hansen Technologies Limited (ASX: HSN)
The Hansen Technologies share price is up over 2% to $4.15. This may have been driven by a broker note out of Goldman Sachs this morning. Although the broker has only put a neutral rating on the billing technology company's shares, its price target of $4.85 is materially higher than current levels. In fact, even after today's gain, Hansen Technologies shares have potential upside of 17% according to Goldman. The broker notes that Hansen Technologies' "undemanding valuation reflects Powercloud and management uncertainty."
Pantoro Ltd (ASX: PNR)
The Pantoro share price is up 2.5% to 8.5 cents. This morning, this gold miner revealed that its board has approved the initial 85,000 metre growth program for FY 2025. The company's managing director, Paul Cmrlec, said: "This is a very exciting period in the development of the Norseman goldfield. For the first time we are in a position to re-develop the Norseman Mainfield with an outstanding balance sheet position, and operations generating strong cashflow."
WA1 Resources Ltd (ASX: WA1)
The WA1 Resources share price is up 21% to $19.67. Investors have been buying the niobium explorer following the release of results from the initial metallurgical testwork program. This program is being undertaken on niobium mineralisation from its Luni deposit at the 100% owned West Arunta Project in Western Australia. The good news is that the program has produced high-grade niobium concentrates with low impurities and at industry-comparable recovery rates through a practical two stage flotation regime.
