Felix Resources (FLX)

Felix Resources (FLX) was the overall best performing stock taking in a 18.86 percent increase. Among the best performing stocks for the week 21 of 2008 on the Australian sharemarket were a mixture of financial and communication services, energy, gold mining, coal mining, and oil: Computershare (CPU), Paladin Energy (PDN), Lihir Gold (LHG), Felix Resources (FLX), AED Oil (AED), Centennial Coal ( CEY). The best performing stocks for the week 21 managed gains above 8.06 percent by the end of the trading week.

Computershare, a leading provider of share registration, employee equity plans, proxy solicitation and other specialised financial and communication services, was the best performing stock on the ASX 100 index seeing 9.06 percent increase, adding 83 cents and closing at $9.99. Paladin Energy, Australia’s second biggest sole uranium mining company behind Energy Resources, which is majority owned by mining giant Rio Tinto, came in the second position adding 47 cents, increasing 8.7 percent and closing at $5.87. Paladin Energy was followed by Lihir Gold, the owner and developer of the Lihir Island, Papua New Guinea open pit mine and processing facility gold operation, adding 25 cents (closing $3.35, +8.06%). On the ASX 200 index, Felix Resources, expanding company with a primary focus on the mining of coal and the development and operation of coal related assets, was the best performing stock seeing 18.86 percent increase, adding $3.19 and closing at $20.10. AED Oil, which was established for the purpose of acquiring, developing and commercialising specified oil fields and undertaking oil exploration, with a primary focus on prospects located either in Australia or within Australian territorial waters, came in the second position closing at $3.31 (+$0.42, +14.53). AED Oil was followed by Centennial Coal, a coal mining and marketing company supplying thermal and coking coal to the domestic and export markets, adding 57 cents and closing at $5.30 (+12.05%).