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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.

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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.

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