3 ASX All Ordinaries shares up by more than 60% in 2022

This year has humbled the All Ordinaries Index (ASX: XAO), but not all shares have been weighed down by the market’s struggles.

After gaining 14% in 2021, the All Ordinaries hit a snag in its upwards trajectory. The benchmark index has fallen 7% since the start of 2022.

Fortunately, some ASX All Ordinaries shares have defied its downturn to post whopping gains of as much as 133% year to date.

But the year’s not quite over yet. Let’s take a look at three stocks shaping up to be some of the market’s biggest 2022 winners.

3 ASX All Ordinaries winners in 2022

The first cab off the rank are shares in All Ordinaries lithium explorer Argosy Minerals Limited (ASX: AGY). The stock has gained 74% so far this year to trade at 57 cents today.

And there’s been plenty of news to drive it higher. Most recently, the company announced commissioning works at its Rincon Lithium Project had produced battery quality lithium carbonate product of 99.76% purity.

Ramping up of the project’s production operations is on track to begin in the first quarter of 2023.

Another All Ordinaries share having a brilliant year so far is Yancoal Australia Ltd (ASX: YAL). It’s gained 133% since the start of 2022 to swap hands for $6.53 apiece this afternoon.

The ASX coal stock has been bolstered by soaring coal prices. Associated higher earnings helped it pay off US$459 million of debt in a 15-month window. Meanwhile, the company was the subject of a short-lived takeover offer posed by its major shareholder.

Finally, is any list of top performing All Ordinaries stocks complete without mentioning the Core Lithium Ltd (ASX: CXO) share price? Not if you ask me.

The lithium developer and soon-to-be-producer has been incredibly popular among investors in 2022.

That interest, alongside the company’s efforts to progress the development of the Finniss Lithium Project, has helped bolster its shares by 61% this year. They’re trading at $1.01 right now.

The post 3 ASX All Ordinaries shares up by more than 60% in 2022 appeared first on The Motley Fool Australia.

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More reading

• Why Argosy Minerals, Arafura, Deep Yellow, and Pro Medicus shares are charging higher
• Pilbara Minerals vs Core Lithium shares: Which is the better buy right now?
• Why is the Core Lithium price rebounding today?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Core Lithium share price has 25% upside: Macquarie

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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