The S&P/ASX 300 Index (ASX: XKO) is on the rebound today, following yesterday's 1.9% market sell-off.
In the first few minutes after the market open, the ASX 300 soared 0.81% higher to 7,432 points. However, the index has lost some of these gains, now trading up 0.36% to 7,398 points.
Let's take a look at which ASX companies are making moves on the ASX 300 chart.
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Vulcan Energy Resources Ltd (ASX: VUL)
Investors are fighting to get a piece of the lithium developer, sending the Vulcan share price up 12.5% to a record high of $16.45 today.
The company hasn't released any news since its corporate presentation last week, which highlighted its Zero Carbon Lithium strategy. Vulcan recently entered into a 5-year strategic partnership and a binding lithium offtake term sheet with Renault Group.
It's worth noting that Vulcan shares are now up about 480% since the start of this year.
Liontown Resources Limited (ASX: LTR)
The Liontown Resources share price is also pushing ahead on Friday, up 8.53% to $1.15.
The emerging lithium producer also released a presentation last week. The company provided details on its demerger with a subsidiary, Minerals 260.
Liontown Resources stated it will focus on developing its world-class Kathleen Valley Lithium Project, while Minerals 260 will concentrate on exploring the PGE-nickel-copper-gold system in the Julimar region.
Novonix Ltd (ASX: NVX)
Another significant mover today is the Novonix share price, up 9.21% to $6.05.
Despite no news coming out of the lithium company, investors appear to be bullish on its future prospects.
The company's share price has moved 388% higher this year on the back of strong lithium prices, which are up 98% year to date.
Which ASX companies are heading the other way?
Zimplats Holdings Ltd (ASX: ZIM)
The Zimplats share price is down a sizeable 3.6% to $22.73. Investors are selling the mining company's shares despite no news being reported since its full-year results on 31 August.
A possible catalyst for the decline could be some profit-taking from investors following the release of the results. Zimplats shares are up 72.8% in 2021.
Polynovo Ltd (ASX: PNV)
Also being weighed down by investors today is the Polynovo share price, down 4.68% to $1.94.
The medical device company announced the resignation of its chief operating officer, Anthony Kaye.
Polynovo advised that Kaye will be returning to global biotech giant CSL Limited (ASX: CSL) in a more senior role.
