Top ASX stocks of the day: Core Lithium (CXO ↑11.3%), Lake Resources NL (LKE ↑9.2%)

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%).

Standout Artists on the ASX Friday, March 11, 2022

Core Lithium (CXO) was the standout engine on the ASX today. Shares of the company rose 11.3% to $1.08.

The transition to net zero continues to be a tailwind for lithium supplier Core Lithium.

Up another 11% during today’s session, the miner which is a vital cog in electric vehicles continues its strong run today. Over the past 12 months, it is now up 407%.

Although the company has not made any specific announcements, today’s growth may be due to electric vehicle producer Rivian, which is noting raw material supply difficulties.

This could lead to an increase in the price of lithium.

Core Lithium is part of the materials sector.

Learn more about investing in Core Lithium in Finder’s comprehensive guide.

The second best move was Lake Resources NL (LKE), with shares up 9.2% to hit $1.31.

Lake Resources also operates in the field of lithium.

Learn more about investing in Lake Resources NL in Finder’s complete guide.

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Here is the full list of today’s top 10 movers so far.

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

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