Today’s ASX top stocks: Core Lithium (CXO ↑11.3%), Lake Resources NL (LKE ↑9.2%)

Posted: 11 March 2022 12:51 pm

The 10 biggest movers on the ASX.

The best performing stocks in ASX trading so far today were Core Lithium (CXO, up 11.3%) and Lake Resources NL (LKE, up 9.2%).

Stand-out performers on the ASX Friday 11 March 2022

Core Lithium (CXO) was the stand-out mover on the ASX today. Shares in the company rose 11.3% to $1.08.

The transition to net-zero is continuing to be a tailwind for lithium provider Core Lithium.

Up another 11% during today's trading, the miner which is a vital cog in electric vehicles is continuing its strong run today. Over the last 12 months, it is now up 407%.

While the company did not make any specific announcements, today's growth could be due to EV producer Rivian, which notes difficulties in sourcing raw materials.

This could lead to a higher lithium price.

Core Lithium is part of the materials sector.

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

The second-best mover was Lake Resources NL (LKE), with shares rising 9.2% to reach $1.31.

Lake Resources also operates in the lithium space.

Find out more about investing in Lake Resources NL in Finder's full guide.

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

StockPrice% change
Core Lithium (CXO)$1.0811.3%
Lake Resources NL (LKE)$1.319.2%
Neometals (NMT)$1.507.9%
DGO Gold (DGO)$2.705.9%
Calix (CXL)$7.155.3%
Genesis Minerals (GMD)$1.604.6%
Piedmont Lithium (PLL)$0.974.3%
Cobalt Blue Holdings (COB)$0.734.3%
Talga Group (TLG)$1.464.3%
Vulcan Energy Resources (VUL)$9.364.2%

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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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