Silver Lake Resources Limited (ASX:SLR) and Vulcan Energy Resources Ltd (ASX:VUL) are two of four ASX shares pushing higher today…
The post Why Corporate Travel Management, Silver Lake, Volpara, & Vulcan are pushing higher appeared first on The Motley Fool Australia. –
In early afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to record a another decline. At the time of writing, the benchmark index is down 0.4% to 6,767.6 points.
Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:
Corporate Travel Management Ltd (ASX: CTD)
The Corporate Travel Management share price is up 4.5% to $21.96. Investors appears to be taking advantage of a pullback in the corporate travel booking company’s shares on Wednesday to invest today. Yesterday, the Corporate Travel Management share price came under pressure after it revealed that its CEO had offloaded over $31 million worth of shares.
Silver Lake Resources Limited (ASX: SLR)
The Silver Lake share price has jumped over 7% to $1.68. The catalyst for this was a solid rise in the gold price overnight after the latest FOMC meeting. At the meeting, the US Fed advised that it remained committed to not increasing rates until 2023. It isn’t just Silver Lake on the rise today. A large number of gold miners are recording solid gains, which has driven the S&P/ASX All Ords Gold index up a sizeable 3.7%.
Volpara Health Technologies Ltd (ASX: VHT)
The Volpara share price has risen 3% to $1.33. Investors have been buying this healthcare technology company’s shares after it revealed promising results from round two of its DENSE trial. The DENSE trial is the first randomised controlled study on the clinical utility of breast MRI supplemental screening for women with extremely dense breasts. The study is using the company’s Volpara Density software to assess breast density.
Vulcan Energy Resources Ltd (ASX: VUL)
The Vulcan share price has climbed 2.5% to $6.50 after announcing a key new appointment to its board. According to the release, the company has appointed former Tesla Head of Battery and Energy Supply Chain, Annie Liu, as a Non-Executive Director. During her time at Tesla, Ms. Liu led and managed the multi-billion-dollar strategic partnerships and sourcing portfolios that support the electric vehicle (EV) giant’s Energy and Battery business units.
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- ASX 200 down 0.15%: Westpac asset sale, Webjet update, gold miners jump
- Here’s why the Volpara (ASX:VHT) share price is storming higher
- Why the Vulcan Energy (ASX:VUL) share price is charging higher today
- Why Corp Travel Management, IGO, Limeade, & ResApp are tumbling lower
- Corporate Travel Management (ASX:CTD) shares sink after CEO’s $31.5m share sale
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 recommends VOLPARA FPO NZ. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended VOLPARA FPO NZ. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
The post Why Corporate Travel Management, Silver Lake, Volpara, & Vulcan are pushing higher appeared first on The Motley Fool Australia.