In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on track to end the week with a decline. At the time of writing, the benchmark index is down 0.3% to 8,417.9 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Imricor Medical Systems Inc (ASX: IMR)
The Imricor Medical Systems share price is up a further 8% to $1.19. Investors have been buying this medical device company's shares this week after it announced a licensing agreement with ADIS. It is a Switzerland based software company that has been working with Imricor to build artificial intelligence (AI) modules to integrate into Imricor's NorthStar 3D mapping system. Although it isn't approved for commercial sale yet, the company notes that regulatory processes are well progressed. As a result, it is busy making preparations for planned commercial launches across Europe, the United States, and the Middle East in 2025.
Maas Group Holdings Ltd (ASX: MGH)
The Maas Group share price is up 9% to $5.00. This morning, the construction materials, equipment and service provider announced the successful completion of a placement. It has received commitments for approximately $140 million, which is upsized and increased from the initial $128 million. These funds are being raised at $4.65 per new share. CEO, Wes Maas, said: "The successful completion of the Placement, as well as the commitments from myself and a number of our directors and shareholders under the Conditional Placement, will allow us further runway to continue to execute on our growth and acquisition initiatives."
Resolute Mining Ltd (ASX: RSG)
The Resolute Mining share price is up 5% to 43.5 cents. This follows the release of an announcement from the gold miner this morning in relation to its Mali operations. Resolute Mining revealed that it has made the second settlement payment of approximately US$50 million to the Government of Mali. The remaining payment of approximately US$30 million is anticipated to be paid by the end of 2024 from existing liquidity sources. These payments are part of a framework for further detailed discussions regarding the long-term future of its operations in Mali.
Select Harvests Ltd (ASX: SHV)
The Select Harvests share price is up 3% to $3.77. Investors have been buying this almond producer's shares following the release of its full year results. Select Harvest reported EBITDA of $46 million and a net profit after tax of $1.5 million for FY 2024. This is a huge improvement on last year when it recorded an EBITDA loss of $117.1 million and a net loss of $114.7 million. Managing Director, David Surveyor, said: "Select Harvests recorded Net Profit After Tax (NPAT) of $1.5 million for FY2024. This profit is greater than a $116 million turnaround from FY2023 and shows that the business is returning to normal operations."
