While the All Ordinaries Index (ASX: XAO) is having a decent time in 2023, it is still some distance away from its 52-week high.
However, that hasn't stopped some ASX All Ords shares from reaching this milestone today. Three that have achieved this are listed below:
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Cettire Ltd (ASX: CTT)
The Cettire share price climbed to a 52-week high of $3.04 today. This means the online luxury products retailer's shares are now up over 130% since the start of the year. Investors appear confident that spending on luxury goods will remain strong despite the cost of living crisis. This certainly has been the case so far in FY 2023. For the four months ending 30 April, Cettire's sales revenue was up 122% over the prior corresponding period to $141.3 million.
Latin Resources Ltd (ASX: LRS)
The Latin Resources share price stormed to a 52-week high of 31 cents this morning. Investors have been fighting to get hold of the ASX All Ords lithium explorer's shares this week after it announced multiple new spodumene discoveries at its 100% owned Salinas Lithium Project in Brazil. In other news, Bell Potter named the company as a (speculative) buy with a 37 cents price target this week. Its analysts expect "material value accretion as LRS continues to add to the Salinas Mineral Resource Estimate (MRE) and ultimately defines its path to development."
Tuas Ltd (ASX: TUA)
The Tuas share price reached a 52-week high of $2.14 today. This ASX All Ords telco, which spun out of TPG Telecom Ltd (ASX: TPG), hasn't released any news since its half-year results in March. However, it did report a whopping 128% increase in profit before tax to $14.3 million for the first half. Investors may be expecting this strong form to continue.
