Which ASX shares are making moves?
The post Which ASX shares are set to finish the week as the top movers on the ASX 300? appeared first on The Motley Fool Australia. –
The S&P/ASX 300 Index (ASX: XKO) is falling today following mixed daily movement throughout the week.
At the time of writing, the ASX 300 is down a sizeable 2.15% to 7,174.6 points. This means that over the past month, the index has dropped 5% lower.
Let’s take a look at which ASX companies are making headlines so far today.
Yancoal Australia Ltd (ASX: YAL)
The Yancoal share price is currently topping the charts, surging 9.67% to a 52-week high of $2.95 during afternoon trade.
Despite no recent news coming out of the coal producer, investors appear to be bullish on its future prospects. The spot price for coal reached is at a record high of US$218 a tonne, which will result in bumper profits for the company.
Paladin Energy Ltd (ASX: PDN)
Another big mover on the ASX 300 is Paladin — its share price is currently up 5.07% to 72.5 cents.
The uranium company also hasn’t released any market-sensitive news to the ASX.
However, its shares are rebounding after being heavily sold off in the past week, down almost 15%. It appears investors have found the bottom of Paladin shares for now.
It’s worth noting that the company’s share price is up by more than 450% since this time last year.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price is pushing 3.72% higher to $3.35.
The company is also enjoying strong revenues coming from the rise in coal prices overnight.
In addition, Bell Potter cut its rating on Whitehaven Coal shares to “hold” from “buy”, but raised its price target by 35% to $3.50. Based on the current share price, this implies an upside of roughly 4%.
And the companies in decline?
Domino’s Pizza Enterprises Ltd. (ASX: DMP)
The worst performer on the ASX 300 at the time of writing is Domino’s, with its share price down 6.40% to $150.19.
The pizza chain operator gave notice of its Annual General Meeting (AGM) which will be held virtually on 3 November.
Virgin Money UK PLC (ASX: VUK)
Lastly, the Virgin Money UK share price has plummeted 6.06% to $3.795 on Friday.
The United Kingdom-based bank announced its digital strategy after market close yesterday. It seems investors are unimpressed with the company closing a number of its stores.
Virgin Money UK shares have tumbled 5% this month, but are up 60% in 2021.
The post Which ASX shares are set to finish the week as the top movers on the ASX 300? appeared first on The Motley Fool Australia.
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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 recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.