The S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. In afternoon trade, the benchmark index is up 1.1% to 7,224.7 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:
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Elders Ltd (ASX: ELD)
The Elders share price is up 4% to $6.63. This morning, this agribusiness company announced that its CEO has agreed to cancel his retirement. Following a comprehensive domestic and international search, the Elders board has persuaded Mark Allison to continue in the role. No contract length has been stated. However, Allison will receive a bonus if he stays beyond 1 June 2025.
Evolution Mining Ltd (ASX: EVN)
The Evolution Mining share price is up 2% to $3.60. This follows the release of the gold miner's investor day presentation this morning. The miner also revealed that it has successfully restructured its debt maturity profile to increase balance sheet flexibility and approved a $250 million expansion of its Mungari operations near Kalgoorlie. The latter could more than double the capacity of its processing plant from 2 million tonnes a year to 4.2 million tonnes.
Goodman Group (ASX: GMG)
The Goodman share price is up almost 2% to $20.25. This may have been driven by a broker note out of Morgans this morning. According to the note, the broker has initiated coverage on the industrial property company's shares with an add rating and $24.00 price target. It believes Goodman is well-placed for growth thanks to favourable operating conditions.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up 2% to $4.56. This is despite there being no news out of the lithium miner on Monday. Though, it is worth noting that most lithium shares are pushing higher today. This appears to have been driven by improving investor sentiment and a strong night for battery materials shares on Wall Street on Friday.
