Which ASX 300 shares are making headlines on Thursday?

The ASX 300 is in reverse again…
The post Which ASX 300 shares are making headlines on Thursday? appeared first on The Motley Fool Australia. –

The S&P/ASX 300 Index (ASX: XKO) is heavily down today following yesterday’s losses.

At the time of writing, the ASX 300 has fallen 1.07% to 7,433 points. This means that the index has erased all of this month’s gains so far.

Let’s take a look at which ASX companies are leading the charge today.

Novonix Ltd (ASX: NVX)

The Novonix share price is again topping the charts, surging another 7.37% to $5.83 during early afternoon trade.

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

It’s worth noting that Novonix shares hit an all-time high of $6.10 before some profit-taking took hold. The company’s share price has gained almost 80% in the past month.

PPK Group Limited (ASX: PPK)

Another big mover on the ASX 300 is the PPK share price, up 5.06% to $20.96.

The technology and mining equipment company also hasn’t reported anything new since its preliminary full-year results on 31 August.

However, just last week, S&P Dow Jones announced changes in the S&P/ASX Indices. As such, PPK will be officially included in the ASX 300 Index prior to the market open on September 20.

The company’s shares hit a record high of $21 today.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan share price is pushing 4.39% higher to $14.98 following continued interest in the battery materials sector.

The company’s shares are being added to the ASX 300 Index. This enables fund managers to include Vulcan shares when investing in the S&P/ASX Indices.

And the biggest fallers?

Virgin Money UK PLC (ASX: VUK)

The worst performer on the ASX 300 today is the Virgin Money UK share price, down 6.52% to $3.655.

While no market sensitive news has been officially released by the company on the ASX, a news report from Business Wire has shed some light.

According to the publication, United States-based Global Payments has formed a strategic alliance with Virgin Money UK. The partnership agreement aims to redefine the future of digital commerce with the launch of a new connected payment offering.

Despite the positive announcement, Virgin Money UK shares are continuing to be under pressure from investors, falling four consecutive days.

Australian Strategic Materials Ltd (ASX: ASM)

Lastly, Australian Strategic Materials shares have crashed 5.05% to $11.85 on Thursday.

The rare earth elements company’s shares have soared close to 50% over the past month. It seems investors are selling for a profit following the sharp rise of Australian Strategic Materials shares during August.

The post Which ASX 300 shares are making headlines on Thursday? appeared first on The Motley Fool Australia.

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More reading

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Motley Fool contributor Aaron Teboneras 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.

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