3 ASX All Ords shares smashing 52-week highs today

It's a good day to hold these All Ords shares.

| More on:
three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's a good day for ASX All Ordinaries Index (ASX: XAO) shares, with both the All Ords and the S&P/ASX 200 Index (ASX: XJO) in the green.

Right now, the All Ords is up 0.31% while the ASX 200 has gained 0.41%.

But some stocks are doing better than others. These 3 ASX All Ords shares are trading at their highest point in at least 12 months today.

Let's take a look at what has helped drive them higher.

3 ASX All Ords shares launching to new 52-week highs

Arafura Resources Limited (ASX: ARU)

Alls Ords newbie Arafura Resources has hit a new 52-week high on Monday, surging to trade for 34.5 cents.

Its gains come despite no news from the company. However, it was recently added to the benchmark index. The ASX rare earths share will be celebrating the anniversary of its first week on the All Ords today.

That might have boosted trading of its shares lately, which could have helped support its record share price.

Additionally, the company's been on a mostly green streak since it announced it had received $30 million of grant funding for the construction of its rare earths separation plant in the Northern Territory a fortnight ago.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price also hit a new 52-week high on Monday, gaining 1.1% to reach $4.53 in intraday trade.

It comes after the company's stock was one of the ASX 200's best performers last week. It gained 12% amid positive results from its peer New Hope Corporation Limited (ASX: NHC).

Additionally, its share price may have been boosted by news last week the company was asked to supply at least 70,000 tonnes of coal to Ukraine.

The coal will be a donation from the Australian government. The federal government will buy the black rocks from Whitehaven and pay for their delivery to Ukraine.

In a statement, several Morrison Government ministers said the donation followed a request for assistance from the Ukrainian Government. The coal is needed to support the European country's power grid.

However, the donation is not without controversy. According to The Guardian, it's unclear whether Whitehaven ­– reportedly a Liberal Party donor – was the only major coalminer approached to fill the donation.

Firefinch Ltd (ASX: FFX)

Finally, ASX All Ords stock Firefinch is also seeing its share price moving upwards today.

In fact, it reached a new 52-week high of $1.015 in intraday trade.

The gain comes after the company announced final conditions for the joint venture between Firefinch and Jiangxi Ganfeng Lithium Co have been met.

The joint venture company now holds the exploitation licence for the Goulamina Lithium Project in Mali in western Africa.

Now, the Firefinch can divest its holding in the joint venture to a spin-off company – Leo Lithium Limited.

A timeline for the demerger is expected to be released in the coming weeks. Firefinch shareholders will get to have their say on the plan after that.

Motley Fool contributor Brooke Cooper 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.

More on 52-Week Highs

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
Materials Shares

Why is this ASX lithium stock jumping to a 52-week high today?

This lithium stock is smashing the market this year despite all the doom and gloom in the industry.

Read more »

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today
52-Week Highs

3 ASX 200 shares smashing new 52-week highs on a red-market day

These lucky shares are defying the market today.

Read more »

A piggy bank on the cloud in the blue sky symbolising a record high share price.
Share Market News

Here's why Morgan Stanley says the record-high ASX 200 has more room to run

The top broker also thinks investors should prepare for a rotation out of ASX bank stocks in 2025.

Read more »

A woman jumps for joy with a rocket drawn on the wall behind her.
52-Week Highs

Why is this ASX stock jumping 10% to a decade-high today?

What is getting investors excited today? Let's find out.

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
52-Week Highs

12 non-bank ASX 200 shares smashing new 52-week highs today

Do you own any of these stocks at 52-week highs today?

Read more »

A cloud with a blue arrow pointing upwards through its middle symbolising a rising asx share price
52-Week Highs

7 ASX 200 shares smashing new highs on Tuesday

Here's why these companies are hitting new 52-week highs on Tuesday.

Read more »

Hands reaching high for a trophy with a sunset in the background.
52-Week Highs

6 ASX 200 shares smashing new highs while the market dives today

Do you own any of these lucky ASX 200 stocks?

Read more »

A woman wearing a top of gold coins and large gold hoop earrings and a heavy gold bracelet stands amid a shower of gold coins with her mouth open wide and an excited look on her face.
Gold

14 ASX gold stocks unearthing fresh 52-week highs today

Do you own any of these hot gold miners?

Read more »