3 ASX All Ords shares that went gangbusters on big news today

These shares outperformed the index on Tuesday. Here's why.

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ASX All Ords shares finished in the green on Tuesday after a topsy-turvy day on the market.

The S&P/ASX All Ordinaries Index (ASX: XAO) closed up 0.2% to 7,402.9 points.

But these three ASX All Ords shares outperformed after company news excited investors today.

Let's take a look.

ASX All Ords shares that soared on company news today

Select Harvests share price up 10% on positive 2024 outlook

Select Harvests Ltd (ASX: SHV) shares went gangbusters after the release of a conference presentation. In it, the almond producer said the outlook for farming in 2024 is positive, with long-term prices for almonds expected to rise, and the industry operating on a compound annual growth rate (CAGR) of 5% to 8%. Select Harvests reported a bigger-than-expected 2023 crop with 80% of it already sold. The ASX All Ords agriculture share closed the session on Tuesday up 10.42% to $4.45 a share.

Delta Lithium shares up 7% as Chris Ellison joins board

The Delta Lithium Ltd (ASX: DLI) share price flew high on news of Mineral Resources Ltd (ASX: MIN) founder and CEO Chris Ellison joining the board as the non-executive chair. Joshua Thurlow, the CEO of MinRes's lithium division, is also joining as a non-executive director. This follows Mineral Resources substantially increasing its stake in Delta Lithium to 17.44% last month. The ASX All Ords lithium share closed up 6.5% to 74 cents a share.

Develop Global share price up 7% as new mine plan released

The Develop Global Ltd (ASX: DVP) share price soared after the miner released an updated site plan for its flagship Woodlawn Copper-Zinc Project in NSW. The plan shows that Woodlawn is set to generate a pre-tax internal rate of return of 367%. The company expects the mine to generate free cash flow of $626 million over its seven-year life. The ASX All Ords mining share closed up 6.52% to $2.94 apiece.

Motley Fool contributor Bronwyn Allen 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.

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