3 ASX tech shares leaping by more than 10% on Tuesday

It’s a mixed day on the market for ASX tech shares.

Fortunately for those invested in these three stocks, they’ve avoided the drama. Indeed, they’ve each rocketed more than 10% on Tuesday despite their collective silence.

For comparison, the S&P/ASX 200 Information Technology Index (ASX: XIJ), home to the market’s biggest tech stocks, is recording a 0.4% gain right now. Meanwhile, the broader S&P/ASX All Technology Index (ASX: XTX) has slumped 0.8%.

The All Ordinaries Index (ASX: XAO) is also up 0.4% right now, while the S&P/ASX 200 Index (ASX: XJO) is boasting a 0.5% gain.

So, what might be driving these ASX tech shares sky high today? Let’s take a look.

3 ASX tech shares gaining more than 10%

Silex Systems Ltd (ASX: SLX)

The Silex Systems share price is leaping 10.2% today to trade at $3.45.

It had soared even higher earlier today to reach $3.53. That’s mere cents off the all-time high of $3.55 it hit last month.

The company is in the process of commercialising its SILEX laser enrichment technology. The tech can be used to produce and enrich uranium for nuclear power and silicon for quantum computing.

Livetiles Ltd (ASX: LVT)

The Livetiles share price is also surging 10.5% today. It’s currently trading at 4.2 cents.

There’s been no news from the ASX tech share on Tuesday. However, it fell 5% yesterday and 9% on Friday. Thus, today’s gain could represent a sort of correction.

Livetiles develops digital workplace software. It’s planning to delist from the ASX later this year.

K2FLY Ltd (ASX: K2F)

Finally, ASX tech share K2Fly is also soaring higher, lifting 10.5% to reach 21 cents.

Like Livetiles, the stock tumbled 5% yesterday, potentially explaining some of today’s rise.

The tech share operates a software-as-a-service business for those involved in asset-intensive sectors such as mining, utilities, oil and gas, and rail.  

The post 3 ASX tech shares leaping by more than 10% on Tuesday appeared first on The Motley Fool Australia.

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More reading

• The ASX shares with 30% to 50% upside: fundie
• Down 72% in 2022, Livetiles shares are now delisting from the ASX, here’s why
• 3 ASX All Ordinaries shares hitting new 52-week highs on Wednesday
• LiveTiles share price slumps 31% as quarterly cash bleed worsens
• Rocks and lasers: 2 ASX All Ords shares securing new multi-year highs on Wednesday

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 positions in and has recommended LIVETILES FPO. The Motley Fool Australia has recommended LIVETILES FPO. 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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