Which ASX 300 shares are among the top movers…
The post Which ASX 300 shares are the biggest winners and losers today? appeared first on The Motley Fool Australia. –
The S&P/ASX 300 Index (ASX: XKO) is edging lower today, erasing yesterday’s gains.
At the time of writing, the ASX 300 is down 0.13% to 7,418 points.
Here are some of the top movers on the ASX 300 today.
Beach Energy Ltd (ASX: BPT)
The Beach Energy share price is on the move, up 6.73% to $1.11 despite no new company announcements.
The energy producer has seen its shares surges today as the spot price of oil strongly rebounded. The higher commodity price for West Texas Intermediate (WTI) translates to bumper revenues for the company.
Woodside Petroleum Ltd (ASX: WPL)
Following suit is the Woodside share price, up 6.02% to $20.77.
The oil and gas company is also benefitting from the increase in oil prices. It’s worth noting that a few days ago, Citi reduced its outlook on Woodside shares by 3.5% to $20.80. This is in line with the company’s share price — today.
Liontown Resources Ltd (ASX: LTR)
Making headlines again is the Liontown Resource share price, up 5.52% to $1.435. Although during late morning trade, its shares hit a record high of $1.45 apiece.
The emerging lithium producer is set to separate its non-lithium assets in the coming weeks. This will allow Liontown Resources to focus on its wholly-owned world-class Kathleen Valley Lithium Project.
And the biggest losers?
Brambles Ltd (ASX: BXB)
Heading south is the Brambles share price, down a sizeable 10.77% to $10.94.
The logistics solutions company released its investor day presentation yesterday, disappointing investor expectations for FY22.
Management advised of underlying profit growth of between 1% to 2% for the current financial year. While this is a weak result, the company noted that FY22 is a year of investment. It expects high single-digit growth between FY23 to FY25.
Australian Strategic Materials Ltd (ASX: ASM)
Also in decline is the Australian Strategic Materials share price, down 5.84% to $10.31.
The rare earth metals company hasn’t released any market-sensitive news to the ASX since its quarterly report in late July. However, its shares have tumbled from reaching an all-time high of $14.00 last month.
Since this time last year, Australian Strategic Materials shares have gained 428%, with year-to-date up 64%.
The post Which ASX 300 shares are the biggest winners and losers today? appeared first on The Motley Fool Australia.
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Motley Fool contributor Aaron Teboneras owns shares of Woodside Petroleum Ltd. 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.