Today’s ASX top stocks: Global Lithium Resources (GL1 ↑15.4%), PointsBet Holdings (PBH ↑12.8%)

Posted: 3 March 2022 1:00 pm
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The 10 biggest movers on the ASX.

The best performing stocks on the ASX so far today were Global Lithium Resources (GL1, up 15.4%) and PointsBet Holdings (PBH, up 12.8%).

Largest gains on the ASX Thursday 3 March 2022

Global Lithium Resources (GL1) was the top mover on the ASX today. Shares in the company rose 15.4% to $1.72.

Shares in Global Lithium Resources are surging due to a 10-year strategy offtake agreement.

This is at the same time Lithium share prices are soaring with the transition to electric vehicles adding a major tailwind for the sector.

On the latest ASX announcement, Suzhou TA&A will acquire and take delivery of a least 30% of available product from Global Lithium's operations. Suzhou TA&A could increase that quantity by up to an additional 15% in each contract year.

Global Lithium Resources operates in the general sector.

Learn more about investing in Global Lithium Resources in Finder's full guide.

The second place for market gainers went to PointsBet Holdings (PBH), the consumer services company. Its shares rose 12.8% to reach $4.15.

The business is currently trading higher on takeover rumours.

Apollo, who is now Yahoo's parent company following the Verizon sale, is in preliminary talks with sports betting companies to merge assets with Yahoo Sports.

CNBC reports say one of these companies is PointsBet.

While Apollo and PointsBet have refused to comment, the possibility has seen shares in PointsBet soar.

Find out more about investing in PointsBet Holdings in Finder's full guide.

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Here's the full list of today's 10 biggest movers so far.

StockPrice% change
Global Lithium Resources (GL1)$1.7215.4%
PointsBet Holdings (PBH)$4.1512.8%
Yancoal Australia (YAL)$4.7410.7%
Talga Group (TLG)$1.519.4%
Boss Energy (BOE)$2.767.4%
Lake Resources NL (LKE)$1.057.1%
Whitehaven Coal (WHC)$3.826.7%
NZME (NZM)$1.466.6%
Centaurus Metals (CTM)$1.336.4%
Rhythm Biosciences (RHY)$1.356.3%

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Each weekday we round up the best performing stocks on the Australian Securities Exchange (ASX), ranked by price percentage from market open to 11am. To avoid higher price volatility we only include stocks with market caps of more than $200 million. Price changes are calculated by 11am on the trading day, but these prices may be subject to minor variation depending on data availability.

Need a better share trading platform? Check out Finder's full review of the best online brokers in Australia right now.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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