3 ASX 300 shares smashing new multi-year highs on Wednesday

It's a good day to own these ASX 300 shares…

Wednesday has shaped up to be a good day on the market, and these S&P/ASX 300 Index (ASX: XKO) shares are revelling in the green.

In fact, they've each jumped to new multi-year record highs today.

Right now, the ASX 300's performance is beating that of its more renowned peer, the S&P/ASX 200 Index (ASX: XJO). The former has gained 0.25% while the latter is recording a 0.19% increase.

So, which of the ASX 300's constituents are pushing it higher today? Let's take a look.

An investor looks happy holding a finger to his computer screen while holding a coffee cup in a home office scenario.

Image source: Getty Images

3 ASX 300 shares trading at long-forgotten heights today

Ampol Ltd (ASX: ALD)

The Ampol share price hit a new post-pandemic high on Wednesday, surging 3.5% to trade at $32.80.

There's been no news to explain the ASX 300 fuel and convenience retailer's gains today. Though, it did release an exciting update regarding an acquisition yesterday.

Then, the company announced its takeover of Z Energy Ltd (ASX: ZEL) has been given the green light from New Zealand's Overseas Investment Office.

It follows from the New Zealand Commerce Commission's approval of the sale of Ampol's Gull business, handed down last week.

Iluka Resources Limited (ASX: ILU)

The Iluka Resources share price is also in the green today. The ASX 300 resource explorer's share price reached a new all-time high of $12.83 in early morning trade, representing a 3.2% gain.

The increase followed news the company intends to spin off its Sierra Rutile business.

If the demerger is successful, the newly-listed Sierra Rutile will focus on mineral sands projects in West Africa.

Capricorn Metals Ltd (ASX: CMM)

Finally, the Capricorn Metals share price is hitting another all-time high on Wednesday. It leapt 1.3% to reach a new record of $4.45.

While there's been no news from the gold producer this week, it did announce encouraging early assay results on Friday.

Additionally, the price of gold has been gaining lately, likely bolstering sentiment in the ASX 300 gold stock's share price.

However, the gold spot price has slipped into the red on Wednesday, trading 0.3% lower at US$1,969.20 per ounce, according to data from CNBC.

Motley Fool contributor Brooke Cooper 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 52-Week Highs

A youthful man looks up thoughtfully at a light bulb above his head.
52-Week Highs

APA Group, QBE Insurance, Woolworths shares reach 52-week highs: Is there any upside left?

Here’s what the experts think.

Read more »

Man and woman sitting at table with the man looking a bit puzzled at his laptop.
52-Week Highs

South32, Woolworths, BHP shares reach 52-week high: Buy, sell or hold?

Brokers only rate one of these ASX shares as a buy.

Read more »

Two workers on a tablet at a mine site, with mining machinery behind them.
52-Week Highs

8 ASX mining shares hitting 52-week highs today

ASX mining ETFs QRE and OZR also reached new price peaks today.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
52-Week Highs

Why is the ASX 200 at record highs?

Records were set this week. Here's what's powering the market.

Read more »

A graphic image of three upward pointing arrows with smoke coming from their bottoms, indicating the arrows are taking off just like the Althea share price today
52-Week Highs

3 ASX 200 stocks smashing new 52-week-plus highs today

These three large-cap ASX 200 shares just broke into new 52-week-plus high territory.

Read more »

Three people jumping cheerfully in clear sunny weather.
52-Week Highs

3 ASX dividend favourites are hitting 52-week highs today. Are investors getting defensive?

Investors are buying these ASX dividend shares today.

Read more »

Happy man on a supermarket trolley full of groceries with a woman standing beside him.
52-Week Highs

Are Woolworths shares still a buy at a 52-week high?

Is it too late to buy the supermarket giant's shares? Let's dig deeper into things.

Read more »

A couple in a supermarket laugh as they discuss which fruits and vegetables to buy
52-Week Highs

This ASX 200 giant just hit a 52-week high. Is it getting too expensive?

This defensive ASX 200 stock is flying this year.

Read more »