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Which ASX 300 shares are leading the way as the top movers on Friday?

The ASX 300 is regaining some lost ground today.
The post Which ASX 300 shares are leading the way as the top movers on Friday? appeared first on The Motley Fool Australia. –

The S&P/ASX 300 Index (ASX: XKO) is on the rebound today, following yesterday’s 1.9% market sell-off.

In the first few minutes after the market open, the ASX 300 soared 0.81% higher to 7,432 points. However, the index has lost some of these gains, now trading up 0.36% to 7,398 points.

Let’s take a look at which ASX companies are making moves on the ASX 300 chart.

Vulcan Energy Resources Ltd (ASX: VUL)

Investors are fighting to get a piece of the lithium developer, sending the Vulcan share price up 12.5% to a record high of $16.45 today.

The company hasn’t released any news since its corporate presentation last week, which highlighted its Zero Carbon Lithium strategy. Vulcan recently entered into a 5-year strategic partnership and a binding lithium offtake term sheet with Renault Group.

It’s worth noting that Vulcan shares are now up about 480% since the start of this year.

Liontown Resources Limited (ASX: LTR)

The Liontown Resources share price is also pushing ahead on Friday, up 8.53% to $1.15.

The emerging lithium producer also released a presentation last week. The company provided details on its demerger with a subsidiary, Minerals 260.

Liontown Resources stated it will focus on developing its world-class Kathleen Valley Lithium Project, while Minerals 260 will concentrate on exploring the PGE-nickel-copper-gold system in the Julimar region.

Novonix Ltd (ASX: NVX)

Another significant mover today is the Novonix share price, up 9.21% to $6.05.

Despite no news coming out of the lithium company, investors appear to be bullish on its future prospects.

The company’s share price has moved 388% higher this year on the back of strong lithium prices, which are up 98% year to date.

Which ASX companies are heading the other way?

Zimplats Holdings Ltd (ASX: ZIM)

The Zimplats share price is down a sizeable 3.6% to $22.73. Investors are selling the mining company’s shares despite no news being reported since its full-year results on 31 August.

A possible catalyst for the decline could be some profit-taking from investors following the release of the results. Zimplats shares are up 72.8% in 2021.

Polynovo Ltd (ASX: PNV)

Also being weighed down by investors today is the Polynovo share price, down 4.68% to $1.94.

The medical device company announced the resignation of its chief operating officer, Anthony Kaye.

Polynovo advised that Kaye will be returning to global biotech giant CSL Limited (ASX: CSL) in a more senior role.

The post Which ASX 300 shares are leading the way as the top movers on Friday? appeared first on The Motley Fool Australia.

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More reading

The Polynovo (ASX:PNV) share price is down 10% in a month to a 52-week low. Here’s why.
Novonix (ASX:NVX) share price surges again to record high, up 11% this week
Which ASX 300 shares are making headlines on Thursday?

Anson (ASX:ASN) share price leaps 19% on Novonix test results
Why Novonix, ResMed, Senex, & Weebit Nano shares are charging higher

Motley Fool contributor Aaron Teboneras owns shares of CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. and POLYNOVO FPO. 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.

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