The S&P/ASX 200 Index (ASX: XJO) is having a subdued session on Wednesday. In afternoon trade, the benchmark index is down 0.15% to 8,255.4 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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Core Lithium Ltd (ASX: CXO)
The Core Lithium share price is up 30% to 9.5 cents. Investors have been buying this lithium miner's shares after it released the results of its restart study for the Finniss Lithium Project. Those results revealed that the project could lower its operating costs materially and generate strong free cash flow at a spodumene 6% price of US$1,300 per tonne. Though, it is worth noting that the current spot price is US$735 per tonne, which means that a final investment decision may still be some way off. CEO Paul Brown said: "The Study outlines a lower-cost, longer-life, and scalable operating plan that generates free cash flow of $1.2 billion, representing a six-fold return on pre-production capital."
Life360 Inc (ASX: 360)
The Life360 share price is up a further 10% to $29.96. Investors have been buying this location technology company's shares since the release of its first quarter update on Tuesday. Life360 reported a 32% increase in revenue over the prior corresponding period to US$103.6 million and the more than tripling of its adjusted EBITDA to US$15.9 million. This was comfortably ahead of consensus estimates. In response to the news, Goldman Sachs reaffirmed its buy rating with an improved price target of $31.00. It said: "Life360's 1Q25 result was above VA consensus expectations at the Revenue/gross profit/Adj. Ebitda lines with continued growth in core subscriptions and supported by the implementation of advertising revenue as hardware was broadly flat YoY."
Strickland Metals Ltd (ASX: STK)
The Strickland Metals share price is up almost 7% to 11.75 cents. This morning, this mineral exploration company announced a number of key additions to its senior leadership team and the expansion of pre-development activities at the Rogozna Gold and Base Metals Project in Serbia.
Woodside Energy Group Ltd (ASX: WDS)
The Woodside share price is up 3.5% to $22.32. Investors have been buying this energy giant's shares following another rise in oil prices overnight. Traders have been bidding oil prices higher since the United States and China announced a trade deal. This latest gain means that Woodside's shares are now up 11% since this time last week.
