3 ASX All Ordinaries shares defying today’s rout to surge higher

The benchmark All Ordinaries Index (ASX: XAO) is tracing lower today, down 2.2% to 6,633 at the time of writing.

That brings the index’s losses for the week to more than 8%.

However, the downside hasn’t stopped these 3 ASX All Ordinaries shares pushing ahead of the pack today.

5E Advanced Materials Inc (ASX: 5EA)

Shares of 5E are climbing in afternoon trade on Friday, currently up by 2.8% to $2.91 despite no news from company, which produces boron and lithium.

It follows a rise of 11.4% yesterday after a period of wide-reaching volatility for this ASX All Ordinaries share, which saw it sink 14.4% on Tuesday and 10.9% on Wednesday.

Earlier in the week, the company announced it will soon be included in the Russell 2000 Index, Russell 3000 Index, and Russell Microcap Index.

Inclusion into the index will see it added to some portfolios and exchange-traded funds (ETFs) that track these particular instruments.

Since listing on the ASX on March 1, the 5E share price is down 2.4%.

APM Human Services International Ltd (ASX: APM)

Shares of APM have also bounced from three-month lows this week. The ASX All Ordinaries share is currently trading 4.5% higher at $2.81.

Investors have bid the APM share price up amid the release of a company announcement on Thursday.

While not price sensitive in any way, the company advised that it had released more than one million shares from a holding lock restriction under its “employee gift offer”.

The offer was part of APM’s initial public offering (IPO) in November. It notes that it’s retained “over 90% of our eligible employees” since that time.

The APM share price has slumped 16% since the company’s listing on the ASX in November, and has fallen from a high of $3.45 on 24 May.

Evolution Mining Ltd (ASX: EVN)

The Evolution Mining share price is skipping 4.6% higher at the time of writing, trading at $3.66.

Evolution’s shares are surging alongside the price of gold. The yellow metal has ticked up to US$1,846 in the last few days.

The ASX All Ordinaries share also copped an upgrade from analysts at UBS, with the broker setting its recommendation to a buy.

UBS is bullish on the gold sector and sees “more value in the ASX gold sector” as macroeconomic pressures begin to mount.

In the last 12 months, Evolution Mining has slipped 22% into the red.

The post 3 ASX All Ordinaries shares defying today’s rout to surge higher appeared first on The Motley Fool Australia.

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More reading

• ASX 200 midday update: GUD crashes, tech shares tumble
• ‘The bar has been set low’: Why this top broker just upgraded the Evolution Mining share price
• Investing in ASX 200 gold shares? Here’s the latest on the gold price forecast
• 3 ASX All Ordinaries shares that leapt more than 10% on Thursday
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Zach Bristow 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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