The last 12 months have been rough on the benchmark All Ordinaries Index (ASX: XAO). Todayâs 5% tumble included, the index has slumped 11.15% since this time last year. But not all All Ordinaries shares have suffered in that time.
In fact, some have seen their share prices more than quadruple, gaining over 300% in just 12 months.
Perhaps unsurprisingly, these three outperforming All Ords stocks all focus on the same battery-making material â lithium.
These ASX All Ordinaries shares have quadrupled in a year
Lake Resources N.L. (ASX: LKE)
The past 12 months have been good for All Ordinaries lithium exploration share Lake Resources. The companyâs share price has lifted 459.26% since this time last year. Itâs currently swapping hands for $1.51.
The lithium explorer works in Argentinaâs âlithium triangleâ, focusing on its flagship Kachi Project as well as three other lithium brine projects.
The most recent news regarding the company dropped earlier this month when it was announced Lake Resources will be added to the S&P/ASX 200 Index (ASX: XJO) shortly.
Core Lithium Ltd (ASX: CXO)
Lake Resources’ fellow ASX All Ordinaries lithium share, Core Lithium, is also set to grace the ASX 200 following the index’s June rebalance.
The Core Lithium share price has gained 369.61% over the last 12 months. Itâs trading at $1.198 today.
The company is working to develop the Finniss Project in the Northern Territory. Itâs expecting production at the project to begin before the end of this year.
AVZ Minerals Ltd (ASX: AVZ)
The final ASX All Ordinaries lithium share boasting a gain of more than 300% for the last 12 months is AVZ Minerals.
The companyâs stock has lifted 387.5% over the last 12 months. However, itâs been frozen at 78 cents since early May.
The stock is in the freezer as the company pushes through an ownership dispute regarding its Manono Project.
If all goes wrong for the company, its holding in the asset could be reduced to 36%. AVZ Minerals is expected to return to trade on 1 July.
The post 3 ASX All Ordinaries shares that have surged 300% in the past year appeared first on The Motley Fool Australia.
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More reading
- Core Lithium share price slides 7% amid market-wide rout
- Which ASX lithium shares are producing and which are not?
- Brokers say lithium price could halve by 2023 but Core Lithium disagrees. Hereâs why
- Why is the Lake Resources share price plunging 6%?
- Why Macquarie still sees âmaterial upsideâ for ASX lithium shares
Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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 Scott Phillips.
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