The S&P/ASX 300 Index (ASX: XKO) is rebounding in positive territory on Wednesday after losing some minor ground yesterday.
During late-afternoon trade, the ASX 300 is up 0.66% to 7,433.8 points. This means that the index is currently 2.07% higher in the past week.
Let’s take a look at which ASX companies are making headlines today.
Worley Ltd (ASX: WOR)
The Worley share price is rocketing 8.77% to $11.41 today.
The engineering company revealed that it has been awarded a services contract by Shell for a low-carbon fuels facility in The Netherlands.
When online, the plant will be able to produce around 820,000 tonnes of low-carbon fuels every year. It is expected to be a key supplier of sustainable aviation fuel (SAF) and renewable diesel from waste products.
Swiss investment firm UBS also revised its outlook on Worley shares by adding 13% on its price target to $13.20.
Codan Ltd (ASX: CDA)
Adding gains to the ASX 300 is the Codan share price, up 7.51% to $13.32.
While there haven’t been any announcements from the metal detection services company, it appears its shares have found the bottom. Codan shares have been on a gradual decline for a number of months.
Since hitting an all-time high of $19.43 in mid-June, the company’s shares have lost approximately 32% in value for investors.
REA Group Ltd (ASX: REA)
Another big mover on the ASX 300 is the REA share price, up 6.08% to $163.91.
The property listings company also hasn’t reported any market-sensitive news since its full-year results in early August.
It’s worth noting that REA shares have gained more than 7% in a week following positive investor sentiment in the company. Its shares are roughly 6% off breaking the record high of $173.11 reached a few months ago.
And which ASX 300 companies are heading the other way?
Whitehaven Coal Ltd (ASX: WHC)
In decline today is the Whitehaven share price, down a sizeable 8.46% to $3.03.
The coal miner’s shares are deep in the red after a sharp pullback in coal prices. Currently, the spot price for thermal coal is fetching US$233.00 a tonne. This represents a decline of 4.27% in the past 5 business days.
Yancoal Australia Ltd (ASX: YAL)
Without surprise, also trailing not far behind is the Yancoal share price, down 7.01% to $3.45.
The energy producer’s shares frequently make the ASX 300 headlines, bouncing from the top gains to the biggest loser.
It’s worth noting that a number of ASX energy sector companies are also freefalling today. The S&P/ASX200 Energy Index (ASX: XEJ) is down 1% to 8,852 points.