The S&P/ASX 300 Index (ASX: XKO) is advancing today, recovering from two consecutive days of losses after the earnings season wrap-up.
At the time of writing, the ASX 300 is up 0.5% to 7,528 points.
Let’s take a look at which ASX companies are making moves on the ASX 300 chart.
Paladin Energy Ltd (ASX: PDN)
It appears investors can’t get enough of Paladin shares, which are up 26% to a multi-year high of 80 cents. Paladin shares are now up 54% in the past week alone.
The uranium producer hasn’t released any news since its full-year results last Friday. However, in the report, Paladin noted that the Langer Heinrich Mine is progressing towards restarting production. In addition, the company is engaging with global nuclear energy utilities to secure long-term contracts.
It’s worth noting that the Paladin share price hasn’t reached this level since the middle of 2013.
Liontown Resources Limited (ASX: LTR)
The Liontown Resources share price is also pushing ahead on Friday, up 7.5% to $1 in early trade.
The emerging lithium producer released a presentation on its demerger with a subsidiary, Minerals 260. Liontown Resources will focus on developing its world-class Kathleen Valley Lithium Project, while Minerals 260 will concentrate on exploring the PGE-nickel-copper-gold system in the Julimar region.
Vulcan Energy Resources Ltd (ASX: VUL)
Another significant mover today is the Vulcan share price, up 7.2% to $14.40 just after noon on Friday.
The lithium developer provided the ASX with a corporate presentation today, highlighting its Zero Carbon Lithium strategy.
Vulcan recently entered into a 5-year strategic partnership and a binding lithium offtake term sheet with Renault Group.
Which ASX companies are heading the other way?
HomeCo Daily Needs REIT (ASX: HDN)
The HomeCo Daily Needs REIT share price is down 3.5% to $1.58. Investors are selling the property company’s shares despite no news being reported since its full-year results on 19 August.
A possible catalyst for the decline could be some profit-taking from investors. HomeCo Daily Needs REIT shares reached an all-time high of $1.65 yesterday.
Dicker Data Ltd (ASX: DDR)
Also being weighed down by investors today is the Dicker Data share price, down 2.7% to $13.69.
The IT distributors’ shares are taking a breather after accelerating 10% over the last two days. A number of directors recently bought more shares which led investors to jump on the bandwagon.
The post Which ASX shares are set to finish the week as the top movers on the ASX 300? appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of August 16th 2021
More reading
- Up 50% this week, the Paladin Energy (ASX:PDN) share price is booming. Here’s why.
- Here are the top 10 ASX 200 shares on Thursday
- Why Altium, Catapult, Dicker Data, & PolyNovo shares are charging higher
- Dicker Data (ASX:DDR) share price surges 5% as directors buy the dip
- Which ASX 300 shares are the biggest winners and losers on Thursday?
Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/3Bu1icO
Leave a Reply