The S&P/ASX 200 Index (ASX: XJO) is having a poor session on Thursday. In afternoon trade, the benchmark index is down 0.5% to 8,771.8 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
DroneShield Ltd (ASX: DRO)
The DroneShield share price is up a further 3% to $3.29. Investors have been buying this counter drone technology company's shares this week after it released a sales update. DroneShield has surpassed 4,000 systems sold worldwide. This follows the receipt of a package of two standalone contracts totalling $7.9 million for handheld systems for delivery to the U.S. Department of Defense. Commenting on the news, DroneShield's US CEO, Matt McCrann, said: "Passing 4,000 systems in service is an important milestone for our team and our customers. It underlines the performance and dependability of our solutions in the field, and the trust placed in DroneShield by those who rely on them."
Imricor Medical Systems Inc (ASX: IMR)
The Imricor Medical Systems share price is up 8% to $1.52. This morning, this medical device company revealed that it has successfully completed its Human Factors (HF) study covering all devices that are currently under review by the U.S. FDA. Imricor's chair and CEO, Steve Wedan, commented: "The scale of this study cannot be overstated, having taken our team over a year from planning through execution. Completing human factors testing across our entire product portfolio is an extraordinary achievement and a clear demonstration of the strength and dedication of the Imricor team. It also marks a major milestone on our path to FDA approval and positions us strongly as we prepare to bring MRI-guided ablation to the United States."
Paladin Energy Ltd (ASX: PDN)
The Paladin Energy share price is up 6% to $8.22. This uranium stock has been charging higher this week amid positive industry news. This includes the US Energy Secretary Chris Wright revealing that his government hopes to see "rapid growth" in consumption of the nuclear fuel, and that the US needed to move away from reliance on Russian-enriched uranium. In addition, the International Atomic Energy Agency (IAEA) upgraded its global nuclear operational capacity estimates.
Silex Systems Ltd (ASX: SLX)
The Silex Systems share price is up a further 16% to $5.57. Investors have been buying this uranium technology company's shares this week after a big update. Silex advised that Global Laser Enrichment (GLE), the exclusive licensee of the SILEX uranium enrichment technology, has completed the large-scale enrichment demonstration testing campaign at its Test Loop facility in North Carolina. The release reveals that GLE has collected extensive performance data providing confidence that its laser-based uranium enrichment process will achieve TRL-6 demonstration status and can be commercially deployed.
