Today’s ASX top stocks: Magnis Energy Technologies (MNS ↑13.2%), Paladin Energy (PDN ↑11.9%)

Posted: 4 November 2021 12:10 pm
Businessman checking stock market data

The 10 biggest movers on the ASX.

Top performer badges for ASX trading so far today go to Magnis Energy Technologies (MNS, up 13.2%) and Paladin Energy (PDN, up 11.9%).

Lithium iron battery producer Magnis Energy is leading the gains in the ASX today.

This has more to do with the sector the company operates in, with investors noting the commodity will play a key role in electric cars.

The company did not announce any market sensitive information today, however late last month Magnis Energy's announced project updates.

The shares have been rising ever since.

Similarly, Paladin Energy is on the rise although it is off the back of a company announcement.

The Uranium miner has released an update on the progress of restarting its Namibia based Langer Heinrich Mine.

At a cost of US$81 million the mine will have a refurbish and repairs as well as plant upgrades over it's 17 year life.

The restart plan is in three phases.

It is expected to be back to full production within the next 15 months before having high-production between years two nine and low-grade stockpiling for the remaining time.

Largest gains on the ASX Thursday 4 November 2021

Magnis Energy Technologies (MNS) was the stand-out mover on the ASX today.

Shares in the company rose 13.2% to $0.60.

Magnis Energy Technologies is part of the materials sector.

Learn more about investing in Magnis Energy Technologies in Finder's full guide.

The second-best mover was Paladin Energy (PDN), the energy company.

It rose 11.9% to reach $0.94.

Find out more about investing in Paladin Energy in Finder's full guide.

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

StockPrice% change
Magnis Energy Technologies (MNS)$0.6013.2%
Paladin Energy (PDN)$0.9411.9%
Avita Medical (AVH)$4.9311.3%
Deep Yellow (DYL)$1.0710.3%
Lake Resources NL (LKE)$1.108.9%
Archer Materials (AXE)$1.738.1%
Vulcan Energy Resources (VUL)$12.347.2%
Neometals (NMT)$1.086.9%
Hazer Group (HZR)$1.635.8%
HT&E (HT1)$2.045.7%

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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.

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