Why these ASX shares are breaking out into record highs

The broader S&P/ASX 200 Index (ASX: XJO) has been chopping back and forth as rising bond yields weigh on market sentiment. While big names might be going nowhere, here are some ASX shares in the small end of town that have been breaking out into record highs. 

ASX shares beating the market and running into record highs 

Andromeda Metals Ltd (ASX: ADN)

The Andromeda share price has run into record all-time highs this week. This comes after the company’s Great White Kaolin Project signed its first binding offtake agreement for 5,000 tonnes per annum of its premium ceramic grade product. The small-cap ASX share briefly touched 45 cents on Wednesday, up from 28 cents at the start of the year and 5 cents back in September…