Tag: Motley Fool

The S&P/ASX 200 Index (ASX: XJO) managed to climb higher on Wednesday thanks in part to a strong showing by ASX tech shares. Yet, there were still a handful of tech companies that tumbled to new 52-week lows.

At times, it can be telling when certain ASX shares underperform on days of broad strength. Such situations usually indicate investors are paying attention to more prevalent issues at the company level than the positivity demonstrated at a sector-wide level.

Having said this, let’s take a look at three ASX tech shares that reached new lows today.

These ASX tech shares are not catching a break

Siteminder Ltd (ASX: SDR)

While the global hotel e-commerce platform technically reached a new 52-week low today, the company has only been listed since 8 November 2021.

Following its initial share price pop on debut, this ASX tech share has failed to impress shareholders. In February, the Siteminder share price suffered a blow after reporting a net loss of $87 million for the December ending half year.

However, today’s negative move occurred without any substantial information. The company is slated to enter the S&P/ASX 300 Index (ASX: XKO) on 22 March. Shares in Siteminder finished the day at $4.52, down 5.8% from their previous close.

Damstra Holdings Ltd (ASX: DTC)

Another ASX tech share hitting a new 52-week low today was the workplace management solutions company, Damstra Holdings.

Investors have gone cold on Damstra after a guidance downgrade in November last year. Since then, the picture hasn’t gotten prettier, as the company reported a net loss of $56 million compared to $5.49 million in the previous corresponding period.

In a similar fashion, Damstra did not release any announcements today. However, the company is expected to be removed from the All Ordinaries Index (ASX: XAO) this month. Shares in Damstra finished the day at 20 cents, up 2.6% — rebounding from their new 18 cent low.

Dug Technology Ltd (ASX: DUG)

Lastly, Dug Technology is the third and final ASX tech share that cemented a new 52-week low on Wednesday.

Unfortunately for shareholders, it has been a slow and steady grind lower for the high-performance computing company over the past 12 months. Today, Dug Technology announced the appointment of a new CEO after its previous chief executive resigned yesterday.

Shares in Dug Technology finished the day at 55 cents, down 1% from their previous close.

The post 3 ASX tech shares at 52-week lows despite tech rally appeared first on The Motley Fool Australia.

More reading

• Here’s why this ASX tech share is surging 12% today
• Damstra (ASX:DTC) share price stoops 11% amid downgraded margins
• Recurring revenue or recurring losses? This ASX share just sunk on mixed earnings

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Damstra Holdings Ltd and SiteMinder Limited. The Motley Fool Australia owns and has recommended Damstra Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/KOlUtvp

A wall of cash from dividend payouts is expected to give ASX share market bulls extra firepower to buy the dips.

That’s the prediction of some market experts like Bell Potter strategist Richard Coppleson. He calculates that investors will reap more than $36 billion in dividends by April this year, according to reporting in the Australian Financial Review.

The collective value of dividends declared in the February reporting season was 40% higher than the same time last year.

Dividend windfall to support ASX share prices

“The dividends to be paid in March and April will be positive for retail sales and also the market, as some of this cash will be reinvested back into stocks in late March through to mid-April,” Coppleson told the AFR.

“If we see the US market re-test its January lows, which is still a big chance, many institutional investors will have cash flying in from mid- to late-March that they will be able to throw at the market.”

This month should see $26 billion in dividends hit shareholders’ bank accounts. There is a further $10.3 billion that will flow into shareholders’ pockets in April.

Cash to calm the volatility

If much of the cash is put back into the market, as Coppleson is predicting, it could help stabilise the S&P/ASX 200 Index (ASX: XJO) during this volatile period.

Russia’s attack on Ukraine, rising interest rates, and fears of stagflation have sent ASX shares on a rollercoaster ride.

Most of the dividend support is coming from resources shares thanks to strong commodity prices.

Top dividend-paying ASX shares

BHP Group Ltd (ASX: BHP) is the reigning dividend champ with a record interim payout of US$1.50 (A$2.08) a share. BHP alone accounts for nearly 29% of the total value of dividend payments in the latest reporting season.

The next best dividend-payer, and the only non-resource ASX share in the top 5 dividend payers, is Commonwealth Bank of Australia (ASX: CBA). Australia’s largest bank declared a $1.75 per share interim dividend. This totals $3 billion in dividends.

Fortescue Metals Group Limited (ASX: FMG) is in third spot despite cutting its interim dividend by 41%. Fortescue is paying out $2.6 billion. Rio Tinto Limited (ASX: RIO) is in fourth position with its $2.5 billion cash splash.

Woodside Petroleum Limited (ASX: WPL) rounds up the top five, forking out $1.4 billion in dividends.

Given the positive earnings outlook coming out of the February reporting season, plus the ongoing surge in commodity prices, the ASX dividend party may last a while longer yet.

The post Record $36bn in dividends could help ASX share market recovery appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• 3 under-the-radar commodity prices soaring since the Ukraine crisis
• Here are the 3 most heavily traded ASX 200 shares this Wednesday
• Here’s why the BHP (ASX:BHP) boss is still optimistic about China
• Want the dividends from these 5 ASX shares? You’d better be quick!

Motley Fool contributor Brendon Lau owns BHP Billiton Limited, Commonwealth Bank of Australia, Fortescue Metals Group Limited, and Rio Tinto Ltd. 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/XdxVH5l

At first, it looked like the Nickel Mines Ltd (ASX: NIC) share price wasn’t going anywhere for the rest of Wednesday.

The company requested a trading halt during mid-afternoon trade following the tanking of its shares.

However, towards the back end of the day, Nickel Mines provided an update.

At market close, the low-cost nickel producer’s shares finished down 4.75% to $1.405 apiece. That’s in sharp contrast to the 22.71% in the red that Nickel shares were at before being halted, at $1.14.

Why were Nickel Mines shares put into a trading halt?

Following the dramatic turn in the Nickel share price, the company’s latest statement answered some questions relating to the trading halt.

Nickel Mines advised it is not aware of any information that could explain why the recent trading in its shares has been volatile.

However, the company did note that it recognised recent press speculation regarding a short position in the London Metal Exchange (LME) nickel held by Tsingshan group, and the implications this had on global markets.

Nonetheless, Nickel Mines pointed out the following to reassure shareholders:

• Operations at the Hengjaya Nickel and Ranger Nickel projects are unaffected, as is commissioning at the Angel Nickel project and construction at the Oracle Nickel project.
• Tsingshan has firmly assured Nickel Mines that it has no intention of selling any shares that it holds.
• There has been no change in Tsingshan’s undertaking to purchase all of the nickel pig iron produced by the company’s RKEF operations.
• There has been no impact on Tsingshan’s intention to receive Nickel Mines shares in the conditional placement for the company to acquire a 70% interest in the Oracle Nickel Project.

As my Motley Fool colleague Mitch Lawler pointed out, the nickel price accelerated to a record high of US$43 per kilogram overnight. This represents a mammoth 70% increase since the start of this month.

As a result, the LME decided to halt nickel trading and cancel trades last night.

The shock move came as government sanctions around the world have threatened to block the supply from key producer Russia.

Nickel is a key component in lithium-ion batteries, which is used in generating power for electric vehicles. It is able to produce a lot more energy into batteries than using cobalt. The latter is considered a more expensive metal and has fewer purposes across industries.

Nickel Mines share price summary

Over the past 12 months, the Nickel Mines share price has gained more than 4%.

Although, when looking at year to date, the company’s shares are down by almost 2%.

Nickel Mines presides a market capitalisation of roughly $3.86 billion with approximately 2.62 billion shares on its registry.

The post What happened to the Nickel Mines (ASX:NIC) share price today? appeared first on The Motley Fool Australia.

More reading

• 3 under-the-radar commodity prices soaring since the Ukraine crisis
• Here are the 3 most heavily traded ASX 200 shares this Wednesday
• Why Aurelia Metals, Brambles, GQG, and Nickel Mines shares are falling
• Nickel Mines (ASX:NIC) share price plummets 22% as nickel prices go crazy
• ASX 200 (ASX:XJO) midday update: Origin’s $250m buyback, Nickel Mines smashed

Motley Fool contributor Aaron Teboneras 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/4nTUQiI

Shares in Race Oncology Ltd (ASX: RAC) soaring today to finish trading 14% higher in the green.

The Race Oncology share price flamed higher despite no market-sensitive information from the company’s camp, nor was there any major upsets in the wider sector.

Zooming out, we see that Race Oncology is down over 32% for the year, and 11% in the last month alone, which could be important information.

Why did Race Oncology shares flame higher today?

It’s not abundantly clear what’s sent Race’s share price further north today.

The S&P/ASX 200 Health Care index (XHJ) was also firmly in the green today, finishing up 0.29% at 38,796 points.

Trading volume of Race Oncology shares was also substantially higher than normal, above the 4-week average at 890,904 shares.

Looking a bit deeper at the order book and market depth monitor provided by Bloomberg Intelligence, it’s also clear that brokers filled more buy orders than sell orders today as well, when measured by volume.

In fact, at one point 74% of the order volume has stemmed from those asking to buy and another 22% from those offloading Race Oncology shares.

The first of these large orders was filled at around 11:58 am, just when shares really took off, as seen on the chart below which tracks Race’s performance on Wednesday.

There’s been a tug-of-war between buyers and sellers over the past two hours of trade but nonetheless, considering the laws of supply and demand, when there are more buyers than sellers – this tends to bid the price up in markets.

It remains to be seen exactly what’s got market pundits piling in today to secure a spot in the front row of Race’s growth story.

But with smaller ASX shares by market capitalisation, even modestly sized order volumes can cause large fluctuations in the share price.

Not to mention during market volatility, that’s when speculators and large trading firms tend to be most active, to capture price movements in each direction.

Race Oncology share price snapshot

In the past 12 months, the Race Oncology share price has lost 32% after collapsing from a high of $3.71 last year. This year to date, things aren’t any better and shares have tanked 27%.

At the current share price, Race Oncology has a market capitalisation of $419.5 million.

The post Why did Race Oncology (ASX:RAC) shares bounce 14% higher on Wednesday? appeared first on The Motley Fool Australia.

More reading

• Why did the Race Oncology (ASX:RAC) share price drop 10% today?

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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/m7OiFz2

Shares in Melbana Energy Ltd (ASX:MAY) soared into the green today and finished 13% higher at 12.75 cents apiece. At one point, Melbana was trading as high as 14.74 cents during the session.

Investors are reacting positively after a company announcement regarding an update on its drilling operations in Cuba. Let’s take a closer look at what was released today.

Melbana is pushing ahead in Cuba

The company provided a drilling update on the Block 9 ‘production sharing contract’ area in onshore Cuba.

The Cuba Block 9 contract area covers 2,380km2 onshore on the north coast of Cuba. According to Melbana, it is located within “a proven hydrocarbon system and along trend with the multi-billion barrel Varadero oil field”.

Melbana advised it paused drilling on the 6-inch hole section when it encountered a “high-pressure zone resulting in an influx of hydrocarbons into the wellbore and subsequent strong oil shows on the shakers”.

As such drilling will now push ahead full steam as oil is being fed through the choke and mud degasser and then being flared.

“Drilling ahead will continue once the mud system has been weighted up to approximately 1.88sg – the weight necessary to maintain well control while drilling ahead”, the company noted.

Speaking on the announcement, Melbana Energy executive chair Andrew Purcell said:

This well continues to have plenty to say to us and we’re enjoying hearing it. This strong showing, once again, of energetic hydrocarbons gives our geoscientists more to think about when considering what this may mean for
our understanding of the subsurface and the resource potential of Block 9.

What else could be at play?

The results announced today build on momentum in the hydrocarbons sector as oil prices surge to multi-year highs.

Brent Crude futures – of which more than 90% of oil contracts are priced off – nearly touched US$131 per barrel on Wednesday as the supply shock from US-imposed sanctions on Russian oil ripple through commodity markets.

It has now risen around 93% in the past year and is up 43% in the past month. The momentum has been positive for Melbana with its share price climbing more than 100% at the same time.

In fact, the Melbana Energy share price and the price of oil and oil futures tends to move remarkably similar seeing as the company is a price taker, meaning its shares will fluctuate alongside volatility in commodities.

Melbana Energy share price snapshot

In the last 12 months, the Melbana share price has soared more than 526%, with a 490% gain this year to date.

In the last month alone, shares have more than doubled and are up 51% during the past week of trading.

The post ‘Plenty to say’ as Melbana Energy (ASX:MAY) races another 13% higher appeared first on The Motley Fool Australia.

More reading

• This ASX energy share is combatting its sector’s sell-off to hit 9-year highs
• Melbana (ASX:MAY) share price jumps 6% on exploration approval

The author Zach Bristow has no positions 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/VOkHnwa

The WiseTech Global Ltd (ASX: WTC) share price was a strong performer on Wednesday.

The logistics solutions software company’s shares ended the day a sizeable 6% higher at $48.24.

Why did the WiseTech share price shoot higher on Wednesday?

There are a few potential reasons why the WiseTech share price is rising today. This includes a much needed rebound in the tech sector and a the release of a recent bullish broker note.

And while it is true that the company’s shares are due to trade ex-dividend in the coming days, it seems highly unlikely that investors would be scrambling to get hold of shares purely for a 4.75 cents per share interim dividend. After all, with the WiseTech share price trading at $48.24, this represents a paltry dividend yield of less than 0.1%.

In respect to the tech rebound, the S&P ASX All Technology index had a strong day and rose a sizeable 2.4%. This was more than twice the return of the benchmark ASX 200 index.

As for the broker note. Last week Morgan Stanley retained its overweight rating but lifted its price target on the WiseTech’s shares by a sizeable 43% to $50.00.

The broker was pleased with its first half performance and notes that management hinted that it could soon start making acquisitions again. Morgan Stanley estimates that WiseTech could have in the region of $1 billion to spend on bolt-on acquisitions.

The WiseTech share price is still down 19% in 2022 despite today’s gain.

The post Why did the WiseTech (ASX:WTC) share price jump 6% today? appeared first on The Motley Fool Australia.

More reading

• 3 beaten-up ASX tech shares that ‘tick all the boxes’: fundies
• Time is running out to lock in the WiseTech (ASX:WTC) dividend. Here’s why
• Glitch! Why are ASX tech shares getting hammered on Monday?
• Top brokers name 3 ASX shares to buy next week
• ASX tech shares have been smashed today as market hits 3-week low

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended WiseTech Global. The Motley Fool Australia owns and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/XIromb1

Today, the S&P/ASX 200 Index (ASX: XJO) reclaimed the 7,000 point level, bucking the trend set on Wall Street last night. At the end of the session, the benchmark index finished 1.04% higher at 7,053 points.

Aussie shares broke through the prevailing negative sentiment with widespread gains across the index on Wednesday. Tech and telco companies provided the biggest lift out of all the ASX sectors as a handful of names jumped more than 5%. In contrast, consumer staples posted a red day weighed down by supermarket giants.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Paladin Energy Ltd (ASX: PDN) was the biggest gainer today. Shares in the uranium producer climbed 10% following a broker note from Bell Potter revealing a speculative buy rating with a 96 cents price target. Find out more about Paladin Energy here.

The next biggest gaining ASX share today was Novonix Ltd (ASX: NVX). Shareholders of the battery technology company rejoiced in the strengthening share price despite there being no new announcements. The $2.48 billion company lifted 8.28% making it the best performing share in the tech sector. Uncover the latest Novonix details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Paladin Energy Ltd (ASX: PDN)	$0.77	10.00%
Novonix Ltd (ASX: NVX)	$5.10	8.28%
Allkem Ltd (ASX: AKE)	$9.86	7.17%
Telix Pharmaceuticals Ltd (ASX: TLX)	$4.96	7.13%
Chalice Mining Ltd (ASX: CHN)	$7.89	7.06%
Breville Group Ltd (ASX: BRG)	$26.22	6.37%
Wisetech Global Ltd (ASX: WTC)	$48.24	6.35%
Dicker Data Ltd (ASX: DDR)	$13.73	6.27%
Pilbara Minerals Ltd (ASX: PLS)	$2.84	5.97%
Liontown Resources Ltd (ASX: LTR)	$1.535	5.50%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares this Wednesday
• ANZ has the largest ASX big four bank dividend yield right now. What?
• ASX 200 (ASX:XJO) midday update: Origin’s $250m buyback, Nickel Mines smashed
• The Coles (ASX:COL) dividend beats Woolworths. Does that make it a better income share?
• Why the ASX 200 could outperform the US market for the next 10 years: expert

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Dicker Data Limited and WiseTech Global. The Motley Fool Australia owns and has recommended Dicker Data Limited and WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/ABXUKQC

A message from our CIO, Scott Phillips: 

“G’day Fools. If you’re like us, you’re dismayed by the events taking place in Ukraine. It is an unnecessary humanitarian tragedy. Times like these remind us that money is important, but other things are far more valuable. And yet the financial markets remain open, shares are trading, and our readers and members are looking to us for guidance. So, we’ll do our best to continue to serve you, while also hoping for a swift and peaceful end to war in Ukraine.” 

________________

It has now been 13 days since Russia instigated the largest military attack on a sovereign state in Europe since World War II. An unexpected consequence has been skyrocketing commodity prices.

Acting swiftly, much of the Western world applied sanctions on the invading country and its associated oligarchs — most of these being financial in nature.

However, with the United States considering a ban on Russian oil imports, commodity markets are wasting no time in getting ahead of more far-reaching sanctions.

The anticipation has led to bidding up and short-covering across several commodities that Russia deals in.

Commodity prices in focus as conflict continues

Unfortunately for the rest of the world, Russia constitutes a fair-sized chunk of production for numerous commodities. As a result, the looming possibility of sanctions on various commodity imports from Russia has markets expecting higher prices.

Simplistically, this is the supply and demand equation at work. If commodity traders believe supply might be impacted in some way — while demand holds steady — the price for the material must rise.

There are a few key examples of this that investors might have overlooked. Firstly, palladium — a commodity commonly used in catalytic converters — has increased 80% in value so far this year. According to reports, Russia accounts for around 40% of all palladium production.

Another ‘under-the-radar’ material that is getting caught up in all the turmoil is potash. The mineral compound is widely used in fertilisers. In addition, it can be found as a preservative in a number of drinks and food items.

Recently, the European Union slapped sanctions on the unsuspecting material. In turn, prices for the commodity have risen to record levels, potentially jeopardising food security. It is estimated that about 40% of potash comes is sourced from Russia and Belarus.

The last example of outlandish commodity prices is also the most shocking. Nickel, which has become a common battery material, has more than doubled its price in a matter of days.

To highlight the extreme move, the London Metal Exchange cancelled its nickel trading last night. This was in response to what looked like a spiralling short squeeze scenario.

How are ASX resource shares reacting?

Despite the record prices of many commodities, ASX resource shares are not performing as positively. Whether investors are perhaps viewing this as a short-term situation or thinking higher prices will come with higher costs; the market is not pushing the resource giants upwards.

For reference, here are the share price movements over the past 5 days for a handful of ASX mining shares at today’s market close:

• Nickel Mines Ltd (ASX: NIC) down 12.4%
• BHP Group Ltd (ASX: BHP) down 2.4%
• Rio Tinto Limited (ASX: RIO) down 5%
• Mineral Resources Limited (ASX: MIN) down 1.05%
• OZ Minerals Limited (ASX: OZL) down 1.85%

The post 3 under-the-radar commodity prices soaring since the Ukraine crisis appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares this Wednesday
• Here’s why the BHP (ASX:BHP) boss is still optimistic about China
• Why Aurelia Metals, Brambles, GQG, and Nickel Mines shares are falling
• Want the dividends from these 5 ASX shares? You’d better be quick!
• Why Argosy Minerals, Block, Core Lithium, and Mineral Resources are storming higher

Motley Fool contributor Mitchell Lawler 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/VsbySgU

Investing in the small side of the share market carries more risk than other areas. But if your risk tolerance allows for it, having a bit of exposure to this side of the market could be a boost for a balanced portfolio. This is due to the potential returns on offer from promising small caps.

With that in mind, here are three small cap ASX shares analysts rate highly:

Airtasker Ltd (ASX: ART)

The first small cap ASX share to consider is this growing online marketplace for local services. Management notes that the company has a huge market opportunity to grow into in the future. It estimates that it has a total addressable market of $600 billion across just Australia, the UK, and the US. The team at Morgans is very positive on Airtasker due to this significant market opportunity and its attractive business model. The broker notes that the company’s product works for both sides of the marketplace, has attractive unit dynamics with healthy gross and contribution margins, and is in a market that is in the early stages of ecommerce adoption.  Morgans has an add rating and $1.25 price target on the company’s shares.

Bigtincan Holdings Ltd (ASX: BTH)

Another small cap to watch is Bigtincan. It is a provider of enterprise mobility software that allows sales and service organisations to improve mobile worker productivity through smart devices. The company notes that global businesses including Nike, Guess, Prudential, and Starwood Hotels use its software to allow customer-facing teams to intelligently prepare, engage, measure and continually improve the experience of their customers. Morgan Stanley is a fan of Bigtincan and has an overweight rating and $2.10 price target on its shares.

PlaySide Studios Limited (ASX: PLY)

A final small cap ASX share to watch is PlaySide Studios. It is one of the largest video game developers in Australia. It has a growing portfolio of games, including ones developed in collaboration with studios such as Disney, Pixar, Warner Bros, and Nickelodeon. PlaySide has also recently announced work for hire deals with games publishing giants 2K Games and Activision Blizzard. This appears to demonstrate its growing reputation within the industry. Canaccord Genuity currently has a buy rating and $1.30 price target its shares.

The post 3 small cap ASX shares tipped for big things by analysts appeared first on The Motley Fool Australia.

More reading

• 2 compelling ASX shares expecting big growth this decade
• 2 small cap ASX shares that are highly rated by brokers
• 3 growing small cap ASX shares going places
• Top brokers name 3 ASX shares to buy next week
• 2 exciting ASX growth shares for March 2022

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended BIGTINCAN FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has recommended BIGTINCAN FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/CavARkr

The S&P/ASX 200 Index (ASX: XJO) has had a pleasing day of gains this Wednesday after the sell-offs we saw earlier this week. At market close, the ASX 200 has risen by a healthy 1.04% to finish the day at 7,053 points.

But let’s dive deeper and take a glance at the ASX 200 shares that topped the market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume on Wednesday

South32 Ltd (ASX: S32)

Resources giant South32 is first up today. This ASX 200 diversified miner has had a sizeable 28.37 million shares change hands, though there hasn’t been much in the way of news out of the company.

The company trades ex-dividend tomorrow, so that might have been what influenced trading activities today. The South32 share price has lost 1.4% on Wednesday, closing trade at $4.94 a share.

Paladin Energy Ltd (ASX: PDN)

Paladin shares are next up today. A whopping 42.85 million Paladin shares have swapped owners at the close of trade. This is almost certainly due to the monster 10.71% jump Paladin shares enjoyed today.

As my Fool colleague James covered earlier, this could be related to some love from a broker that the company has just been the recipient of. A move like that can often result in a surge in trading volume, which appears to be what we’ve witnessed today.

Nickel Mines Ltd (ASX: NIC)

Nickel Mines was Wednesday’s most traded ASX 200 share on the market. Today has seen a whopping 55.27 million Nickel Mines shares bought and sold on the markets today. That’s despite Nickel Mines being in a trading halt for most of the day today.

However, that halt was sparked by a 22.7% plunge in Nickel Mines’ share price, which was probably the source of so many shares trading hands.

The post Here are the 3 most heavily traded ASX 200 shares this Wednesday appeared first on The Motley Fool Australia.

More reading

• Why Aurelia Metals, Brambles, GQG, and Nickel Mines shares are falling
• Want the dividends from these 5 ASX shares? You’d better be quick!
• Nickel Mines (ASX:NIC) share price plummets 22% as nickel prices go crazy
• ANZ has the largest ASX big four bank dividend yield right now. What?
• ASX 200 (ASX:XJO) midday update: Origin’s $250m buyback, Nickel Mines smashed

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 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/ABhIkgD