In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end its winning streak. At the time of writing, the benchmark index is down 0.35% to 8,289 points.
Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:
Bank of Queensland Ltd (ASX: BOQ)
The Bank of Queensland share price is up 5% to $6.60. This follows the release of the regional bank's full year results. Bank of Queensland reported an 8% decline in revenue to $1.6 billion and a 24% decline in cash net profits after tax to $343 million. This led to the bank declaring a fully franked final dividend of 17 cents per share, which is down 19% on the prior corresponding period. While this result doesn't look great on paper, it was ahead of the market's expectations. The consensus estimate was for a cash profit of $328 million in FY 2024.
EBR Systems Inc (ASX: EBR)
The EBR Systems share price is up 7.5% to $1.13. This morning, this medical device company revealed that it has submitted its New Technology Add-On Payment (NTAP) application to the Centers for Medicare & Medicaid Services (CMS) for its WiSE CRT System. EBR Systems' WiSE technology is the world's only wireless, endocardial (inside the heart) pacing system in clinical use for stimulating the heart's left ventricle. Management said that this submission is "significant milestone in our final regulatory phase as we move towards FDA approval early next year."
Evolution Mining Ltd (ASX: EVN)
The Evolution Mining share price is up over 4% to $4.89. Investors have been buying this gold miner's shares following the release of its first quarter update. Evolution Mining reported gold production of 193,554 ounces for the three months. While this was down 8.7% from the previous quarter, it was ahead of the consensus estimate of 189,000 ounces. And thanks to its low costs and the strong gold price, the ASX 200 gold miner reported operating mine cash flow of $429 million for the period.
Peninsula Energy Ltd (ASX: PEN)
The Peninsula Energy share price is up 2% to 10.2 cents. This has been driven by the release of an update on plant construction and wellfield development activities at its flagship Lance Uranium Project in Wyoming, USA. Management advised that during September and early October, construction activities have continued to advance. As a result, the project remains on track for a production restart in December 2024.
