Which ASX shares are looking to finish the week as the top movers on the ASX 300 today?

Which ASX shares are leading the way?

Aaron Teboneras

Author bio Aaron Teboneras is an ASX investment writer with a background in business, marketing and finance. He has been a contributor to The Motley Fool since 2020, covering market news, company announcements, broker views and financial results. Aaron’s previous notable appointments include National Australia Bank, and Computershare where he discovered his passion for the Australian sharemarket. Aaron has been investing for almost 20 years, using both fundamental and technical analysis to find opportunities. Aaron completed a Technical Analysis course with Mint Analysis in 2022 and is currently studying Training and Assessment. Outside the market, he has travelled to more than 45 countries and enjoys trekking, meeting new people and seeing different parts of the world. Areas of expertise ASX growth shares Founder-led companies Company announcements and financial results Fundamental and technical analysis Education Bachelor of Business from RMIT University Social media LinkedIn Instagram Favorite investment quote “If you don't find a way to make money while you sleep, you will work until you die.” — Warren Buffett

Published September 17, 2021 2:03 pm AEST

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.

share price gaining — Image source: Getty Images

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.

Automatic Renewal

By taking up this offer, you will also be enrolled in our auto-renewal program, which is our way of making your ongoing subscription easier by ensuring uninterrupted service. Don't worry, though – you're not locked in, and can cancel your auto-renewal at any time before each 'anniversary' date without question or penalty.