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Why AnteoTech, BetMakers, News Corp, & Vulcan shares are racing higher

These ASX shares are on form on Friday…
The post Why AnteoTech, BetMakers, News Corp, & Vulcan shares are racing higher appeared first on The Motley Fool Australia. –

In late morning trade, the S&P/ASX 200 Index (ASX: XJO) is fighting hard to finish the week on a positive note. At the time of writing, the benchmark index is up almost 0.1% to 7,516.5 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are racing higher:

AnteoTech Ltd (ASX: ADO)

The AnteoTech share price has jumped 14.5% to 21.2 cents. This morning the surface chemistry company announced a distribution agreement with UC Biosciences to dispense its EuGeni products in the Philippines. This includes a reader platform and COVID-19 antigen Rapid Diagnostic Test. The initial term will be three years, which is renewable year-on-year after the initial period has elapsed.

BetMakers Technology Group Ltd (ASX: BET)

The BetMakers share price has stormed 9% higher to $1.14. Investors have been buying the betting technology company’s shares after it revealed that fixed odds wagering on horse races through a fixed odds wagering system is now legal in the state of New Jersey. This is a big positive for the company as it has already secured an exclusive 10-year agreement to deliver and manage fixed odds thoroughbred horse racing into the state.

News Corporation (ASX: NWS)

The News Corp share price is up 5% to $34.26. This follows the release of its full year results for FY 2021. According to the release, the media giant reported a 4% increase in revenue to US$9.4 billion and a net profit of US$389 million. The latter compares to a US$1.6 billion net loss in the prior corresponding period.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan share price has continued its positive run and is up a further 11% to $12.79. Investors have been buying this lithium developer’s shares this week following the release of a couple of very positive announcements. One was a partnership with Renault and the other was that its Zero Carbon Lithium Project will produce negative carbon emissions.

The post Why AnteoTech, BetMakers, News Corp, & Vulcan shares are racing higher appeared first on The Motley Fool Australia.

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More reading

2 ASX shares that could join the acquisition frenzy

Why the AnteoTech (ASX:ADO) share price is racing 13% higher today
The News Corp (ASX:NWS) share price hits 52-week high on FY21 earnings
BetMakers (ASX:BET) share price jumps 7% after landmark achievement
Why the Vulcan (ASX:VUL) share price is running hot in August

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. owns shares of and has recommended Betmakers Technology Group Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd. 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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