3 ASX All Ordinaries shares hitting new 52-week highs on Wednesday

The All Ordinaries Index (ASX: XAO) is down a slender 0.04% in late afternoon trading, having made up some larger earlier losses following the release of Australia’s latest inflation figures.

Within the index of top 500 stocks, three ASX All Ordinaries shares have notched up new 52-week highs today.

This ASX All Ordinaries share just hit more than 9-year highs

The first ASX All Ordinaries share hitting more than one-year highs today is Silex Systems Ltd (ASX: SLX).

The technology company is focused on commercialising its laser enrichment technology for uranium production and enrichment for nuclear power, as well as silicon enrichment for silicon quantum computing applications.

Although it slipped into the red in afternoon trade, the Silex share price traded for $3.54 in morning trade. That’s the highest level since November 2012.

The most recent price-sensitive news released by the company came out last Wednesday regarding its Zero-Spin Silicon project.

As my Fool colleague Brooke Cooper reported at the time, “A stage 3 demonstration plant has been constructed to verify the commercial production capability for the quantum computing material.”

Also trading at 52-week plus highs

Chorus Ltd (ASX: CNU) is another ASX All Ordinaries share notching up 52-week plus highs with no fresh news out in the markets.

Earlier today the New Zealand based telecommunications infrastructure company hit $7.16 per share, the highest price since March 2021.

That gives the company a market cap of some $3.2 billion.

And rounding off the list of ASX All Ordinaries shares hitting one-year plus highs today we have Neuren Pharmaceuticals Ltd (ASX: NEU), which also hit the new milestone without releasing any new price-sensitive news today.

The biopharmaceutical company is up 2.2% at the time of writing and traded as high as $5.25 during the lunch hour. That’s the highest price shareholders will have realised since November 2007.

The post 3 ASX All Ordinaries shares hitting new 52-week highs on Wednesday appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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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