3 ASX All Ordinaries shares up by more than 130% so far in 2022

These All Ords stocks have shaken off the index’s woes to post impressive gains.

| More on:
Three businesspeople leap high with the CBD in the background.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The All Ordinaries Index (ASX: XAO) has struggled this year – tumbling 6% year to date – but not all shares on the index have suffered.

In fact, these three have gained more than 130% in 2022 so far. Let’s take a look at what’s been driving them higher.

3 ASX All Ordinaries shares boasting massive 2022 gains

Yancoal Australia Ltd (ASX: YAL)

All Ordinaries coal producer Yancoal has seen its share price lift a whopping 134.6% so far this year. As of Wednesday’s close, it was trading at $6.10.

Surging energy prices following Russia’s invasion of Ukraine have likely been behind much of its gains. Though, recent talk of a potential takeover offer from Yankuang Energy might have also spurred interest.

Yankuang Energy is a Chinese state-owned entity and Yancoal’s controlling shareholder. Yesterday, the market heard its response to news the ASX-listed company wouldn’t support its takeover bid.

Yankuang said the bid – which is still hypothetical at this stage – would provide “a reasonable opportunity for those Yancoal shareholders who wish to exit but are not able to do so at current market prices”.

Stanmore Resources Ltd (ASX: SMR)

The share price of Yancoal’s fellow All Ordinaries coal producer Stanmore Resources has also taken off this year. It’s currently trading at $2.75 – 190.1% higher than it was at the start of 2022.

The company has also likely had tailwinds due to the price of coal in 2022.

Additionally, it completed its acquisition of BHP Group Ltd (ASX: BHP)’s 80% stake in BHP Mitsui Coal last month.

Grange Resources Limited (ASX: GRR)

Finally, the Grange Resources share price has lifted a whopping 133.8% this year so far. It closed yesterday’s session at $1.77.

The All Ordinaries share mines iron ore and produces iron ore pellets in Tasmania. It also owns a 70% stake in a magnetite project in Western Australia.

The company has benefited from strong iron ore prices this year, allowing it to declare a 10-cent per share fully franked final dividend in April. That’s its highest routine dividend ever and equal to a 10-cent special dividend it paid out late last year.

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 Scott Phillips.

More on Share Market News

A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements
Share Market News

5 things to watch on the ASX 200 on Friday

The ASX 200 looks likely to have a decent finish to the week...

Read more »

A group of happy office workers throw papers in the air and cheer after seeing the Latrobe Magnesium price skyrocket 38%
Share Market News

Here are the top 10 ASX 200 shares today

These ASX 200 shares outperformed all others on Thursday.

Read more »

Three male athletes sprint on an athletics track with the sun low on the horizon behind them representing the race between ASX lithium shares to outperform
Share Market News

Here are the 3 most heavily traded ASX 200 shares on Thursday

Our most traded ASX 200 share today is down by more than 5%.

Read more »

Bear market
Share Market News

Here’s why one big bad bear is suggesting the stock market could crash by 50%

One strategist thinks markets haven't bottomed.

Read more »

Investor sitting in front of multiple screens watching share prices
Share Market News

5 things to watch on the ASX 200 on Thursday

Here's what to expect on the ASX 200 on Thursday...

Read more »

A trendy woman wearing sunglasses is making it rain, spraying cash on that bargain.
Share Market News

Here are the top 10 ASX 200 shares today

It was a great day on the market for these ASX 200 shares.

Read more »

An office worker and his desk covered in yellow post-it notes
Share Market News

Here are the 3 most heavily traded ASX 200 shares on Wednesday

Guess which ASX 200 sector is dominating the market's volume charts today.

Read more »

Business woman watching stocks and trends while thinking
Share Market News

5 things to watch on the ASX 200 on Wednesday

It will be another busy day on the ASX 200 on Wednesday...

Read more »