The All Ordinaries Index (ASX: XAO) is having a rather wild day of trading so far this Wednesday. At the time of writing, the All Ords is up a tentative 0.13% after descending into negative territory for much of the morning. But just because the market isn’t doing anything too remarkable, it doesn’t mean that some ASX shares aren’t. Today, we look at 3 ASX All Ords mining shares that are managing to crack new 52-week highs.
3 ASX All Ordinaries mining shares cracking new 52-week highs today
Core Lithium Ltd (ASX: CXO)
Core Lithium is the first ASX share enjoying a new high watermark this Wednesday. Core Lithium shares opened at 90 cents each this morning. But this ASX lithium stock hit 98 cents a share soon after midday and is currently trading at 96 cents a share, up a very pleasing 16%. That’s a long way from the 52-week low of just 18 cents that we saw in March of 2021.
Today’s move appears to have been sparked by the announcement that Core Lithium has just signed a new lithium spodumene concentrate supply deal with the US electric vehicle and battery manufacturer Tesla Inc (NASDAQ: TSLA). Core Lithium shares are now up an extraordinary 337% over the past 12 months.
Coronado Global Resources Inc (ASX: CRN)
The Coronado share price is another All Ords company that’s on fire today. This metallurgical coal producer is currently up by 8.8% at $1.85 a share. That’s just a whisker off of the $1.88 price that we have just seen. That’s a new 52-week high for Coronado.
There has been no major news or announcements out of this company today. However, It’s likely that this new high has been assisted by rising prices of coal that management confirmed the company is enjoying when it released its FY21 earnings recently. Coronado shares are now up 88% over the past 12 months.
South32 Ltd (ASX: S32)
Our final mining share to check out today is the diversified miner South32. This former flame of BHP Group Ltd (ASX: BHP) is powering ahead today with a strong share price rise of its own. South32 shares are presently trading for around $4.96.
That’s just below the company’s new 52-week high of $4.98 that we saw earlier today. Again, rising commodity prices seem to be helping here. Although, as my Fool colleague James covered earlier today, some love from ASX brokers is probably helping as well. South32 has now put on more than 81% over the past year.
The post 3 ASX All Ords mining shares cracking new 52-week highs today appeared first on The Motley Fool Australia.
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More reading
- Why Core Lithium, MVP, Rio Tinto, and South32 shares are rising today
- ASX 200 (ASX:XJO) midday update: Rio Tinto, South32 storm higher, PointsBet sinks
- Giddy up: Core Lithium (ASX:CXO) share price races 11% higher on Tesla deal
- This broker tips South32 (ASX:S32) as one of the best ASX 200 mining shares to buy
- 3 ASX mining shares breaking new 52-week highs today
Motley Fool contributor Sebastian Bowen owns Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Tesla. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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