Which shares on the ASX 300 are on the move today?

The ASX 300 is starting the month off lower…
The post Which shares on the ASX 300 are on the move today? appeared first on The Motley Fool Australia. –

The S&P/ASX 300 Index (ASX: XKO) is dragging lower on Wednesday, following the wrap up of the August earnings season.

During mid-afternoon trade, the ASX 300 is down 0.31% to 7,513 points.

Let’s take a look at which ASX companies are making headlines today.

Paladin Energy Ltd (ASX: PDN)

The Paladin share price is rocketing 12.75% to 57.5 cents, despite no market-sensitive news out of the company today.

The uranium producer released its full-year results to the market last Friday, highlighting progress on the Langer Heinrich Mine.

It seems investors are optimistic about Paladin after its shares have risen by more than 20% in the past week.

Dicker Data Ltd (ASX: DDR)

Another strong mover for the start of the week is the Dicker Data share price, up 5.74% to $13.44.

Again, with no news from the IT distributor today, its shares are rebounding from the steep declines recently recorded.

The company last reported that its chair and CEO, David Dicker, sold a portion of his shares in an on-market trade.

Dicker Data shares reached a record high of $16.60 on Thursday after reporting its FY21 interim results.

Novonix Ltd (ASX: NVX)

The Novonix share price is storming high with a 5.75% gain to $4.78.

The lithium company released its full-year results to the market last Thursday, highlighting revenue growth of $5.2 million, up 22.9%.

It seems investors are buoyant on Novonix after its shares rose 20% in the past week. In August alone, the company’s share price is more than 80% higher, and up almost 300% year to date.

It’s worth noting that Novonix shares are closing in on the all-time high of $4.96 reached on Monday.

And which ASX 300 companies are the biggest fallers?

Blackmores Ltd (ASX: BKL)

Heading south today is the Blackmores share price, down 6.61% to $93.20.

Despite the health supplements company not providing any new information to the ASX today, it appears investors are happy to take their profits. This follows the company’s massive share price gains since 24 August, up around 30%.

Blackmores shares hit a multi-year high of $99.80 just yesterday.

Mineral Resources Limited (ASX: MIN)

Also being weighed down by investors today is the Mineral Resources share price, down 3.82% to $52.81.

With the spot price of iron ore and lithium stable, for now, investors have been quick to take profits off the table.

The mining service company’s shares zoomed to a record high of $65.38 at the end of July. Ever since, its shares have been slowly treading lower.

The post Which shares on the ASX 300 are on the move today? appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

These were the best ASX All Ordinaries performers in August

Why BlueBet, Dicker Data, Immutep, & Sandfire are charging higher

Why the Dicker Data (ASX:DDR) share price is powering 6% today
ASX 200 midday update: Metcash update, Wesfarmers goes ex-div

Guess which sector August’s top performing ASX shares all came from

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. owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia owns shares of and has recommended Blackmores Limited and Dicker Data Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!