7 ASX All Ordinaries shares smashing new 52-week highs today

An excited man stretches his arms out above his head as he reaches a mountain peak representing two ASX 200 shares reaching multi-year high prices today

An excited man stretches his arms out above his head as he reaches a mountain peak representing two ASX 200 shares reaching multi-year high prices today

It’s been a pretty positive day for ASX shares and the All Ordinaries Index (ASX: XAO) so far this Thursday. After a rocky start, the All Ords is tentatively in the green at the time of writing, having put on 0.12%, which lifts the Index to just over 7,500 points.

But some All Ordinaries shares are doing far better than that.

In fact, there are at least seven that have just hit new 52-week highs this session. Let’s check ’em out.

7 ASX All Ords shares at new 52-week highs this Thursday

First up we have Adriatic Metals plc (ASX: ADT). This mining exploration company has interests in a number of metals, including silver. This company is having a whale of a time today, presently up a pleasing 5.4% at $3.80 a share.

Earlier today, Adriatic Metals hit $3.81, which is both the company’s new 52-week high and all-time record high. The shares are up more than 22% year to date in 2023.

Next up there’s Data#3 Ltd (ASX: DTL) to consider. All Ords tech share Data3 is also having a corker. This company’s gain doesn’t look too dramatic, up 0.6% at $7.64. But $7.64 is Data3’s new 52-week and all-time high as well. This company has gained 15.6% over 2023 thus far.

A more well-known name in Myer Holdings Ltd (ASX: MYR) is another All Ords share on fire today. Myer is finally back over $1 a share for the first time since 2017, spiking 17.8% so far today to $1.12 a share.

The famous retailer reported earnings this morning, and investors have been delighted with a huge increase in profits and a special dividend. The company’s new 52-week high is now $1.14 a share, putting Myer up a whopping 68% year to date.

Then there’s Avita Medical Inc (ASX: AVH) to consider. All Ordinaries healthcare share Avita has also enjoyed a milder gain today, rising 1.64% up to $4.35 a share. But the company touched $.41 each this morning, which represents a new 52-week high for Avita.

This company has caught fire following its earnings last month. Avita is now up a massive 125% in 2023 so far.

What about Qantas, Eagers and Inghams?

Another familiar name in Qantas Airways Limited (ASX: QAN) is the next share worth checking out. This is another company that has seen investors flooding in after a successful earnings report in February, which included a $500 million share buyback program. ‘

The Qantas share price is bouncing around a bit today but hit a new 52-week high of $6.87 just after midday today. That puts it up almost 14% this year so far.

It’s a similar story with All Ords car dealership company Eagers Automotive Ltd (ASX: APE). Eagers shares have also been playing jump rope today. But this afternoon has seen the company notch up a new 52-week high of $14.78 a share.

Again, it seems we have Eagers’ latest earnings report to thank. Investors have been rediscovering their love for this company after last month’s record dividend announcement. Eagers is now up 36% year to date.

Finally, let’s check out All Ordinaries poultry share Inghams Group Ltd (ASX: ING). Inghams is yet another share that has been in both positive and negative territory this Thursday.

But when it was positive, it was positive. Inghams recorded a high of $3.30 a share soon after market open this morning – the new 52-week high.

Once more, it seems we have Inghams’ latest earnings to look at to explain this new high. Investors initially didn’t like what the company had to say last month. But the market seems to have reconsidered, with Inghams now up by more than 14% in 2023 to date.

The post 7 ASX All Ordinaries shares smashing new 52-week highs today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen 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 Avita Medical. The Motley Fool Australia has recommended Avita Medical. 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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