In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is fighting hard to get into positive territory but has fallen just short. At the time of writing, the benchmark index is down slightly to 8,586.3 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Amaero Ltd (ASX: 3DA)
The Amaero share price is up 3.5% to 42.5 cents. This morning, this high-value refractory and titanium alloy powders producer announced that it has entered a technical development collaboration with US-based Auburn University's National Center for Additive Manufacturing Excellence. Additionally, recent printing and testing of Amaero's C103 and Ti64 powder has demonstrated that the powders conform with industry accepted standards and based on Auburn's testing and certification, Amaero has satisfied Velo3D's qualification condition. CEO Hank J Holland, said: "Amaero has commissioned the most advanced atomisation technology and has assembled a technical team with pioneering experience and proprietary know-how for gas atomisation of refractory and titanium alloys."
Black Cat Syndicate Ltd (ASX: BC8)
The Black Cat Syndicate share price is up 6% to 83.5 cents. Investors have been buying this gold miner's shares after it released a drilling update for the Kal East Gold Operation. Commenting on the drilling results, Black Cat's managing director, Gareth Solly, said: "Activity is ramping up at Kal East. Grade control drilling at Fingals is delivering high-grade results from the northeastern part of the open pit and we are looking forward to commencing development in the coming months. These activities are all aligned with our More Gold, Sooner strategy."
Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's Pizza share price is up 3% to $18.56. This appears to have been driven by the release of a broker note out of UBS this morning. According to the release, the broker has upgraded the pizza chain operator's shares to a buy rating with a $22.00 price target. It made the move largely on valuation grounds following recent share price weakness. In addition, it notes that the company is aiming to cut costs quicker than expected, which could result in improved store profitability.
Ramelius Resources Ltd (ASX: RMS)
The Ramelius Resources share price is up 4% to $2.46. This morning, the team at Macquarie responded positively to the gold miner's quarterly update. It has reaffirmed its outperform rating and $3.10 price target on Ramelius' shares. The broker said: "The 4QFY25 production result beat RMS' own expectations (which we were anchored to) and continued to demonstrate strong cash generation. In the near term our valuation relies on completion of the SPR deal and key study results."
