The S&P/ASX 200 Index (ASX: XJO) finished today 0.94% in the red. But three ASX mining shares closed trade smashing the index.
The Sayona Mining Ltd (ASX: SYA), Metals X Limited (ASX: MLX) and Strategic Elements Ltd (ASX: SOR) share prices were all soaring today.
Let's take a look at these three ASX mining shares in more detail.
Sayona Mining
Sayona Mining shares lifted 7.35% today. However, Sayona shares sank 11% in yesterday's trade. Investors may have been buying up Sayona shares following recent declines. The Sayona Mining share price has tumbled 48.45% since 13 September. Looking ahead, Sayona recently announced its North American Lithium operation is on track to restart production in the first quarter of 2023.
Sayona shares have soared 40% in the last year.
Strategic Elements
Strategic Elements shares soared 51.11% on Thursday. In today's news, Strategic Elements advised the market of "outstanding battery development success". The company reported successful developments in Energy Ink, a new power source that produces electrical energy from moisture in the air.
Commenting on the news, managing director Charles Murphy said:
The technology is evolving at a rapid rate. It was a fantastic result to clearly produce more than enough power compared to a leading existing glucose monitoring patch being used by millions of people worldwide and to have the excess potential for a manufacturer to include more advanced sensing or other features.
The Strategic Elements share price has descended more than 30% in the last year.
Metals X Limited
The Metals X share price leapt 7.81% today. The company did not released any news to the market today. Metals X touts itself as Australia's biggest tin producer and has a 50% equity interest in the Renison Tin Operation in Tasmania. Tin futures are up 0.02% today and have leapt 7.63% in the last month, Trading Economics data shows. In a recent presentation, Metals X said it is debt free.
Metals X shares have lost nearly 27% in the last year.
