3 ASX All Ords shares that went gangbusters on big news today

These shares outperformed the index on Tuesday. Here's why.

| 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

ASX All Ords shares finished in the green on Tuesday after a topsy-turvy day on the market.

The S&P/ASX All Ordinaries Index (ASX: XAO) closed up 0.2% to 7,402.9 points.

But these three ASX All Ords shares outperformed after company news excited investors today.

Let's take a look.

ASX All Ords shares that soared on company news today

Select Harvests share price up 10% on positive 2024 outlook

Select Harvests Ltd (ASX: SHV) shares went gangbusters after the release of a conference presentation. In it, the almond producer said the outlook for farming in 2024 is positive, with long-term prices for almonds expected to rise, and the industry operating on a compound annual growth rate (CAGR) of 5% to 8%. Select Harvests reported a bigger-than-expected 2023 crop with 80% of it already sold. The ASX All Ords agriculture share closed the session on Tuesday up 10.42% to $4.45 a share.

Delta Lithium shares up 7% as Chris Ellison joins board

The Delta Lithium Ltd (ASX: DLI) share price flew high on news of Mineral Resources Ltd (ASX: MIN) founder and CEO Chris Ellison joining the board as the non-executive chair. Joshua Thurlow, the CEO of MinRes's lithium division, is also joining as a non-executive director. This follows Mineral Resources substantially increasing its stake in Delta Lithium to 17.44% last month. The ASX All Ords lithium share closed up 6.5% to 74 cents a share.

Develop Global share price up 7% as new mine plan released

The Develop Global Ltd (ASX: DVP) share price soared after the miner released an updated site plan for its flagship Woodlawn Copper-Zinc Project in NSW. The plan shows that Woodlawn is set to generate a pre-tax internal rate of return of 367%. The company expects the mine to generate free cash flow of $626 million over its seven-year life. The ASX All Ords mining share closed up 6.52% to $2.94 apiece.

Motley Fool contributor Bronwyn Allen 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 Scott Phillips.

More on Share Gainers

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Share Gainers

3 ASX shares that rose 100%+ in FY25

Let's see why these shares delivered huge returns for their shareholders in the last financial year.

Read more »

Silhouettes of nine people climbing a steep mountain to the top at sunset, and helping each other along the way.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors had a wild ride this Thursday.

Read more »

Excited couple celebrating success while looking at smartphone.
Share Gainers

Why Domino's, NRW, Pro Medicus, and WIA Gold shares are charging higher today

These shares are avoiding the market weakness and are pushing higher today. But why?

Read more »

Three scientists wearing white coats and blue gloves dance together in a lab.
Healthcare Shares

UP 127% in a year, why is the Pro Medicus share price rocketing higher again today?

ASX investors are sending Pro Medicus shares flying higher on Thursday. But why?

Read more »

Happy man working on his laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX roared higher this hump day.

Read more »

Delighted adult man, working on a company slogan, on his laptop.
Share Gainers

2 popular ASX 200 shares that returned 30%-plus in FY25

These popular stocks rewarded their owners in FY25.

Read more »

A cool dude looks back at the camera while ziplining above the treetops.
Share Gainers

How these 3 ASX 200 stocks turned a $10K investment into more than $60,000 in just 3 years!

These fast-rising ASX 200 stocks could be on their way to 10-bagger status.

Read more »

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
Share Gainers

Why Civmec, Dexus, James Hardie, and Magellan shares are storming higher today

These shares are having a good session on hump day. But why?

Read more »