Why Aeris Resources, Macquarie, Novonix, & Qube shares are pushing higher

These ASX shares are having a good day…
The post Why Aeris Resources, Macquarie, Novonix, & Qube shares are pushing higher appeared first on The Motley Fool Australia. –

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decline. At the time of writing, the benchmark index is down 0.3% to 7,506.8 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is up over 5% to 19.5 cents. This follows the release of a drilling update by the copper and gold explorer. According to the release, Aeris Resources’ drilling results show that its Constellation deposit is a high grade copper deposit with some exceptionally high grade intersections in the shallow supergene zone.

Macquarie Group Ltd (ASX: MQG)

The Macquarie share price is up 5% to $179.72. This follows the release of a trading update from the the investment bank. According to the release, Macquarie expects its first half profits to be down slightly on the second half of FY 2021. Looking further ahead, the bank believes it is positioned to deliver superior performance in the medium term.

Novonix Ltd (ASX: NVX)

The Novonix share price is up a further 9% to $5.36. This is despite there being no news out of the battery materials company today. However, after the market close on Friday, it was announced that Novonix would be joining the ASX 300 index at the next quarterly rebalance on 20 September.

Qube Holdings Ltd (ASX: QUB)

The Qube share price is up 3.5% to $3.38. This morning the company announced a binding agreement to acquire Newcastle Agri Terminal (NAT). According to the release, the total consideration is in the order of $90 million, which will be funded through Qube’s existing undrawn debt facilities. Completion is expected to occur on 30 September.

The post Why Aeris Resources, Macquarie, Novonix, & Qube shares are pushing higher appeared first on The Motley Fool Australia.

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More reading

ASX 200 midday update: Macquarie jumps, gold miners sink

Macquarie (ASX:MQG) share price gains 6% despite lower second half forecast
5 things to watch on the ASX 200 on Wednesday

The Macquarie (ASX:MQG) share price is outperforming the ASX big 4 in the past month
The Macquarie Group (ASX:MQG) share price smashed its record high on Thursday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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