Why De Grey, Infomedia, Northern Star, & SEEK shares are storming higher
In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up 0.4% to 7,058.1 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are storming higher:
De Grey Mining Limited (ASX: DEG)
The De Grey share price has jumped a sizeable 10% to $1.53. Investors have been buying the gold explorer’s shares following the release of drill results from the Diucon-Eagle mining sites in the Hemi prospect. Management notes that these results confirm the presence of a large mineralised system in the west of Hemi, representing another step change to the gold endowment at Hemi.
The Infomedia share price is up 5.5% to…