Which ASX shares are the biggest movers on the ASX 300 today?

The ASX 300 is set to finish the week with a new record.

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The S&P/ASX 300 Index (ASX: XKO) is topping out another record high today, reflecting positive investor sentiment across the market.

At the time of writing, the ASX 300 is sitting around 7,615 points, up 0.42%.

Let’s take a peek below and see which shares are the biggest movers on the ASX 300 this Friday.

Who are the biggest winners on the ASX 300 today?

Australian Strategic Materials Ltd (ASX: ASM)

The biggest mover on the ASX 300 so far today is Australian Strategic Materials. With no news out of the company, investors are buying up its shares as the hype around rare earths continues.

The elements are super important in the making of high technology devices such as smart phones, computers, TVs, and more. In addition, rare earths are crucial in defence industries in the construction of aircraft, ships, and high-tech ground vehicles.

The Australian Strategic Materials share price is currently up 13.97% to $9.87.

Premier Investments Limited (ASX: PMV)

Following suit, shares in this ASX 300 company have jumped 4.75% to $28.44, nearing its all-time high of $29.35 attained earlier in June. The strong rise comes off the back of a broker note by UBS today, raising its price target by 22% to $30.00. Based on the current share price, this implies an upside of around 5%.

Star Entertainment Group Ltd (ASX: SGR)

The Star is also on the rise, elevating 4.18% to $3.49. With no recent news out of the company, however, it appears shareholders are reacting to news that the New South Wales cabinet may approve an extra 1,000 pokies for Sydney’s Star Casino. If so, this could stand to boost the company’s revenue.

And the biggest fallers?

Galaxy Resources Limited (ASX: GXY)

Heading the other way is the Galaxy Resources share price, which is down 3.7% to $5.46. This ASX 300 company’s shares have accelerated over the past 2 months – up approximately 67% from mid-June. With the lithium spot price stable for now, it seems as though investors are taking profit off the table.

Orocobre Limited (ASX: ORE)

Following suit is lithium peer, Orocobre. The company’s shares have also raced higher, up about 130% from March 2021. Currently, the company’s shares are down 3.31% to $9.63.

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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 owns shares of and has recommended Premier Investments Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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