Which ASX 300 shares are the biggest winners and losers on Thursday?

We take a look at the best and worst performing ASX 300 shares so far today

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The S&P/ASX 300 Index (ASX: XKO) is climbing in afternoon trade, after moving in circles during the morning period.

At the time of writing, the ASX 300 is up 0.82% to 7,263.3 points. The index had fallen around 1% over the past 2 trading days. However, those losses have now been erased.

Let’s take a look at which ASX companies are leading the charge today.

Sezzle Inc (ASX: SZL)

At the time of writing, the Sezzle share price is rocketing 11.36% to $5.49, despite no news from the buy now, pay later (BNPL) company.

A reason for its shares accelerating could be that United States retail giant Target has announced the launch of a BNPL offering. Recently, the retailer partnered with Sezzle to entice customers with its affordable payment solutions.

The deal could have a huge impact on Sezzle’s bottom line. Target is the eighth largest retailer in the United States, with a network of more than 1,909 stores.

Novonix Ltd (ASX: NVX)

Also soaring today is the Novonix share price, currently up 7.72% to $5.30.

The lithium company’s shares had suffered heavy losses since the begging of October, but seem to have reached a support level.

Investors could be taking advantage of the recent share price weaknesses.

In the past week, Novonix shares fell by more than 20%, hitting a monthly low of $4.92 yesterday.

Super Retail Group Ltd (ASX: SUL)

Another strong performer on the ASX 300 so far today is the Super Retail share price, which is up 7.31% to $12.33.

The retail conglomerate’s shares have risen on the back of a positive broker note from Swiss investment firm, UBS.

Its analysts upgraded the company’s outlook to “buy” from a “neutral” rating. UBS said it is confident that spending in the retail sector will pick up towards the Christmas holiday season.

As such, the broker put a 12-month price target of $13.50 on Super Retail’s shares. Based on the current share price, this implies an upside of about 10% on UBS’ estimate.

And which ASX 300 companies are heading south?

Yancoal Australia Ltd (ASX: YAL)

Sinking today is the Yancoal share price, down 9.25% to $3.63 apiece.

The Australian energy company hasn’t provided any price-sensitive news to the market, but its shares have tumbled. It joins a number of ASX energy sector companies slipping into the red today.

Yancoal shares touched the $4 mark at market close on Wednesday, reflecting a 40% gain for the week.

Whitehaven Coal Ltd (ASX: WHC)

Also sliding on the ASX 300 today is the Whitehaven share price, down by 8.08% to $3.30.

The Australian-based coal miner’s shares have risen strongly since the middle of May, up roughly 180%. Underpinning the share price gains is the surging price for coking coal which is trading at US$230 a tonne.

It’s also worth noting that Whitehaven shares were trading at a 52-week high of $3.64 yesterday.

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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. owns shares of and has recommended Super Retail Group Limited. The Motley Fool Australia owns shares of and has recommended Super Retail Group 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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