3 ASX All Ords mining shares cracking new 52-week highs today

Say hello to these new highs…

| More on:

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

The All Ordinaries Index (ASX: XAO) is having a rather wild day of trading so far this Wednesday. At the time of writing, the All Ords is up a tentative 0.13% after descending into negative territory for much of the morning. But just because the market isn't doing anything too remarkable, it doesn't mean that some ASX shares aren't. Today, we look at 3 ASX All Ords mining shares that are managing to crack new 52-week highs. 

Three children wearing athletic short and singlets stand side by side on a running track wearing medals around their necks and standing with their hands on their hips.

Image source: Getty Images

3 ASX All Ordinaries mining shares cracking new 52-week highs today

Core Lithium Ltd (ASX: CXO)

Core Lithium is the first ASX share enjoying a new high watermark this Wednesday. Core Lithium shares opened at 90 cents each this morning. But this ASX lithium stock hit 98 cents a share soon after midday and is currently trading at 96 cents a share, up a very pleasing 16%. That's a long way from the 52-week low of just 18 cents that we saw in March of 2021.

Today's move appears to have been sparked by the announcement that Core Lithium has just signed a new lithium spodumene concentrate supply deal with the US electric vehicle and battery manufacturer Tesla Inc (NASDAQ: TSLA). Core Lithium shares are now up an extraordinary 337% over the past 12 months. 

Coronado Global Resources Inc (ASX: CRN)

The Coronado share price is another All Ords company that's on fire today. This metallurgical coal producer is currently up by 8.8% at $1.85 a share. That's just a whisker off of the $1.88 price that we have just seen. That's a new 52-week high for Coronado.

There has been no major news or announcements out of this company today. However, It's likely that this new high has been assisted by rising prices of coal that management confirmed the company is enjoying when it released its FY21 earnings recently. Coronado shares are now up 88% over the past 12 months.

South32 Ltd (ASX: S32)

Our final mining share to check out today is the diversified miner South32. This former flame of BHP Group Ltd (ASX: BHP) is powering ahead today with a strong share price rise of its own. South32 shares are presently trading for around $4.96.

That's just below the company's new 52-week high of $4.98 that we saw earlier today. Again, rising commodity prices seem to be helping here. Although, as my Fool colleague James covered earlier today, some love from ASX brokers is probably helping as well. South32 has now put on more than 81% over the past year. 

Motley Fool contributor Sebastian Bowen owns Tesla. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Tesla. 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 Bruce Jackson.

More on 52-Week Highs

An excited man stretches his arms out above his head as he reaches a mountain peak representing two ASX 200 shares reaching multi-year high prices today
52-Week Highs

7 ASX All Ordinaries shares smashing new 52-week highs today

These shares are making investors very happy this Thursday.

Read more »

a young girl wearing a set of airplane wings stands on a tarmac with hands in the air and an excited look on her face as though she is about to take off.
Travel Shares

Qantas share price could surge to $10: JPMorgan

Top broker tips a 30% increase in the Qantas share price within 12 months.

Read more »

Two older male friends using tech to record their run.
52-Week Highs

2 ASX 200 shares smashing new multi-year highs on Wednesday

The market's blues aren't holding back these two ASX shares.

Read more »

A kid wearing a pilot helmet holds a paper plane up to the sky.
52-Week Highs

Qantas share price takes off to new multi-year high on Tuesday

The airline is reaching new heights. Why?

Read more »

a group of three electricity workers stand smiling wearing hard hats and high visibility vests in front of an array of high voltage power equipment.
52-Week Highs

Why did the Origin share price just hit a 3-year high?

It's been a good month for Origin investors. Here's why.

Read more »

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.
52-Week Highs

3 ASX 300 shares soaring to new 52-week highs on Friday

All three have recently posted impressive earnings.

Read more »

A mining worker wearing a hard hat, orange high vis vest and blue long-sleeved shirt raises his fists in celebration with an excited expression on his face
52-Week Highs

Why has the Fortescue share price hit a new 52-week high today?

There are a bunch of things that could be propelling the ASX iron ore pure play share today.

Read more »

Businessman cheering at desk with arms in the air
52-Week Highs

4 ASX 200 stocks smashing new 52-week highs on Wednesday

These four shares are defying the markets to push to new heights today...

Read more »