The S&P/ASX 200 Index (ASX: XJO) is out of form and giving back some gains today. In afternoon trade, the benchmark index is down 0.4% to 7,507 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Image source: Getty Images
Calidus Resources Ltd (ASX: CAI)
The Calidus Resources share price is up 14% to 20.5 cents. This follows news that Calidus has agreed to acquire the Nullagine Gold Project in the Pilbara from Novo Resources (ASX: NVO). Calidus has also agreed to licence the use of the Nullagine camp infrastructure to Atlas Iron. Management believes it is "an outstanding deal which will deliver substantial benefits to Calidus in terms of production and its cash position."
Cromwell Property Group (ASX: CMW)
The Cromwell Property share price is up 4% to 42.7 cents. This morning, the property company announced its next quarterly distribution. It will be paying shareholders 0.75 cents per share in February, with its shares trading ex-dividend for this next week on 28 December. This equates to a distribution yield of 1.75%.
Integrated Research Limited (ASX: IRI)
The Integrated Research share price is up 14% to 36 cents. This afternoon, this performance management and analytics provider announced the signing of a significant new contract with Fiserv Inc. (NYSE: FI). According to the release, the five-year contract has a total contract value of US$6.6 million (A$10.1 million).
WA1 Resources Ltd (ASX: WA1)
The WA1 Resources share price is up 26% to $12.27. This appears to have been driven by an update from the niobium explorer yesterday which revealed further strong results from drilling at the 100% owned West Arunta Project in Western Australia. Management noted that assay results from the P2 discovery confirm the potential for a large mineralised carbonatite system to be present.
