Best Performing Stocks for 2005/06

Here are the best performing stocks listed the Australian Stock Exchange (ASX) for the 2005-2006 financial year. As a trader and you run through this list, it makes you wonder... is it worth your while trading actively, or simply spending the time researching a bunch of companies and simply waiting and see if it brings a return? I looked at this issue previously in blog entry.

The best performing stocks on the ASX for this financial year are St Barbara (SBM) at 470 percent, Oxiana (OXR) at 255 percent, Paladin (PDN) at 250 percent and Zinifex (ZFX) at 230 percent.

St Barbara (SBM) is involved in the production of gold and exploration for gold, nickel and copper.

Oxiana (OXR) produces gold and copper from two mines in Laos and studies are also underway to expand both these operations. The Golden Grove zinc/copper mine in West Australia was purchased in mid 2005 while the Prominent Hill copper/gold project in South Australia is targeting a 2008 start-up. An aggressive exploration program is underway at all the above as well as in China and Thailand.

Paladin (PDN) is in the mineral exploration, namely uranium.

While Zinifex (ZFX) is involved in the production of lead and zinc.