The S&P/ASX 300 Index (ASX: XKO) is set to finish the day lower, reversing all of yesterday’s gains.
At the time of writing, the ASX 300 is down 0.81% to 7,402 points.
Let’s take a look at which ASX companies are making moves on the ASX 300 chart.
PointsBet Holdings Ltd (ASX: PBH)
The PointsBet share price is roaring 6.05% higher to $9.74 despite no news out of the sports betting company today.
It appears its shares are rebounding after losing 4.37% on Thursday, hitting a 52-week low of $9.13. This came regardless of PointsBet announcing a partnership with Major League Soccer (MLS) team Austin FC.
Novonix Ltd (ASX: NVX)
The Novonix share price is also pushing ahead on Friday, up 6.25% to $5.95.
Investors appear to be bullish on the lithium company’s future prospects as the sector heats up.
The S&P Dow Jones announced changes in the S&P/ASX Indices earlier this month. As such, Novonix will be officially included in the ASX 300 Index prior to the market open on September 20.
Australian Strategic Materials Ltd (ASX: ASM)
Another significant mover today is the Australian Strategic Materials share price, up 4.66% to $11.23.
The rare earth metals company’s shares are recovering from dropping to a monthly low of $10.05 on Wednesday. The company released its full statutory accounts this week, providing information about its activities throughout the year.
Which ASX companies are heading the other way?
Fortescue Metals Group Limited (ASX: FMG)
The Fortescue share price is down a sizeable 11.13% to $15.33.
Investors are selling the company’s shares as the spot price of iron ore continues to slide. In May, the steel making ingredient was fetching for US$230 per tonne, but today’s prices are going for around US$107 per tonne.
Iress Ltd (ASX: IRE)
Also being weighed down by investors today is the Iress share price, down 9.31% to $12.27.
The financial technology company provided an update in regards to its failed takeover talks with EQT. It noted that discussions have since been concluded and that the parties have been unable to agree on a transaction.