BrainChip Holdings Ltd (ASX:BRN) and Resolute Mining Limited (ASX:RSG) shares are two of four charging higher on Wednesday…
The post Why BrainChip, Dubber, Galaxy, & Resolute shares are charging 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 decent gain. At the time of writing, the benchmark index is up 0.3% to 6,996.9 points.
Four ASX shares that are climbing more than most are listed below. Here’s why they are charging higher:
BrainChip Holdings Ltd (ASX: BRN)
The BrainChip share price is up 19% to 63 cents. Investors have been fighting to get hold of the artificial intelligence (AI) technology company’s shares following the release of an update. According to the release, Taiwan Semiconductor Manufacturing Company has started volume manufacturing of BrainChip’s Akida AKD1000 neuromorphic processor chip for edge AI devices.
Dubber Corp Ltd (ASX: DUB)
The Dubber share price has risen 5% to $2.05. The catalyst for this was news that the call recording service provider has signed an agreement with video conferencing giant Zoom for its Unified Call Recording product. The company notes that the deal with Zoom provides businesses of all sizes with the ability to record calls for all users. After which, once the recordings are ingested by Dubber, businesses can enrich the content with AI delivering transcriptions, sentiment data, real-time search and more.
Galaxy Resources Limited (ASX: GXY)
The Galaxy share price has raced 5% higher to $3.42. This morning the lithium producer released an update on its Sal de Vida operation in Argentina. According to the release, the company has completed its feasibility study, with very positive technical and financial outcomes. The study confirms that Sal de Vida will be a globally competitive, low cost producer of battery grade lithium carbonate. As a result, the company will now move into the next phase with detailed engineering to commence on the plant and construction of the ponds commencing immediately.
Resolute Mining Limited (ASX: RSG)
The Resolute share price has jumped 14% to 53.5 cents. Investors have been buying the gold miner’s shares after the Ghanaian government restored the mining licence for the Bibiani Gold Mine. However, the government has stipulated that Resolute can no longer sell the asset to Chifeng Jilong Gold Mining. Resolute has agreed to do this and will now look at its options for the mine.
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- ASX 200 up 0.6%: Zip rises, Resolute rockets, tech shares storm higher
- Here’s why the Resolute Mining (ASX:RSG) share price is surging 20% higher today
- Why the Dubber (ASX:DUB) share price is breaking out into record highs
- Why the BrainChip (ASX:BRN) share price is rocketing 27% higher today
- Why the Galaxy Resources (ASX:GXY) share price is on watch
James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Dubber. The Motley Fool Australia has no position in any of the stocks mentioned. 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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