Which ASX shares are the top movers in the ASX 300 today?

Which ASX 300 shares are making a move today?

| More on:
A surprised and curious male investor drinks black coffee while reading the latest news on rising ASX shares in the newspaper

Image source: Getty Images

The S&P/ASX 300 Index (ASX: XKO) is edging higher on Monday, regaining lost ground from last week’s fall.

During early-afternoon trade, the ASX 300 is up 0.17% to 7,422 points. This means that the index is around 2.6% off its record high of 7,625 points reached on 13 August.

Let’s take a look at which ASX companies are the strong performers today.

Liontown Resources Limited (ASX: LTR)

The Liontown Resources share price is on fire again today, adding another 19.47% to $1.35. This means over the past week, the emerging lithium producer’s shares are up almost 32% and, year-to-date, up 289%.

Despite no new news coming out of the company, investors are excited about the battery material sector.

Liontown Resources is focusing on developing its wholly-owned world-class Kathleen Valley Lithium Project. The asset is considered a tier-1 battery metals site with excellent grade and scale in one of Western Australia’s best mining districts.

Paladin Energy Ltd (ASX: PDN)

Another strong mover for the start of the week is the Paladin share price, up 15.44% to 98.7 cents apiece.

The uranium producer hasn’t released any news since its full-year results late last month.

However, in its annual report, Paladin advised that the Langer Heinrich Mine is progressing towards restarting production. In addition, management is engaging with global nuclear energy utilities to secure long-term contracts for the future.

Paladin shares too have risen close to 35% since this time last week. Over the course of the past month, its shares have almost doubled in value.

Sydney Airport (ASX: SYD)

The Sydney Airport share price is pushing higher on Monday, with a 4.69% gain to $8.37.

The airport operator updated the ASX today with a revised conditional and non-binding proposal from the Sydney Aviation Alliance. An offer to acquire 100% of Sydney Airport shares of $8.75 per share has been put forward.

The company intends to grant the consortium due diligence on a non-exclusive basis which is expected to take 4 weeks.

Now, let’s take a look at which ASX 300 companies are heading the other way.

Australian Strategic Materials Ltd (ASX: ASM)

Falling today is the Australian Strategic Minerals share price, down 10.99% to $10.69, with no new market announcements from the company.

Investors have sold off the rare earth elements miner’s shares after they reached an all-time high of $14.00 last month. Since January 2021, its shares have accelerated by more than 69% and 442% in the last year.

Chalice Mining Ltd (ASX: CHN)

Also being weighed down by investors today is the Chalice share price, down 8.15% to $6.59.

The gold explorer saw demand for the yellow metal wane overnight with prices dropping to as low as US$1,785 per ounce. This affected the company’s shares, although the spot price has surged higher in the hours following.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

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.

More on Share Market News

blue arrows representing a rising share price ASX 200
Share Market News

Here are the 3 most heavily traded ASX 200 shares on Monday

We take a look at the most traded ASX 200 shares by volume today.

Read more »

Model bear in front of falling line graph, cheap stocks, cheap ASX shares
Share Market News

These are the 10 most shorted ASX shares

Short sellers are currently targeting these ASX shares...

Read more »

a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.

Can regulators prevent another US$45 billion crypto stablecoin meltdown?

Terra's LUNA token, meant to help its UST token remain pegged to the US dollar, has lost 99.99% of its…

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Share Market News

ASX 200 midday update: Brambles rockets, Goodman upgrades guidance

The ASX 200 is having a decent start to the week...

Read more »

Smiling man with phone in wheelchair watching stocks and trends on computer
Share Market News

5 things to watch on the ASX 200 on Monday

Here's what to expect on the ASX 200 on Monday...

Read more »

Family of four celebrating inside a grocery store or supermarket
Share Market News

4 ASX shares of the most trusted brands in Australia

Which companies are best placed to attract the hearts, minds and wallets of consumers as interest rates rise?

Read more »

Coal-fired power station generic.
Energy Shares

How dependant on coal closure is the AGL share price?

Climate activists disagree with AGL's decision to hold onto coal, saying its depleting shareholder value.

Read more »

Top 10 - asx shares today
Share Market News

Here are the top 10 ASX shares today

Here are your top 10 biggest gainers in the ASX 200 on Friday.

Read more »