Best Performing Stocks of Week 11

Submitted by Jim Thesiger on 22 March, 2010 - 01:46

Lluka Resources (ILU), a company that concentrates in mining, exploration, separation and concentration of mineral sands business along with in the production of coal, synthetic rutile, zircon, rutile, ilmenite and other titaniferous concentrates had the best performing stocks of the 11th week in ASX100 with a gain of 10.9 percent or 41 cents to its stock price closing the week at $4.15. It was a mixture of mining, exploration, energy and gas companies in the list of best performing companies for ASX100 and ASX200: Lluka Resources (ILU), Paladin Energy (PDN), Aquarius Platinum (AQP), Extract Resources (EXT), Karoon Gas Australia (KAR). The second place was taken by Paladin Energy, (PDN), a company that is primarily engaged in acquisition and development of uranium projects in Australia and Africa. The company gained 9.7 percent or 36 cents to its stock price and closed at $4.06. It was followed by Aquarius Platinum (AQP), a company that concentrates in the business of exploration, development and acquisition of platinum group metals. The company saw an increase of 8.8 percent or 57 cents to its stock price closing the week at $6.99.

In the ASX200 list, it was Extract Resources (EXT), Karoon Gas Australia (KAR) and Lluka Resources (ILU) who made it for the first three positions of the week. Among them, Extract Resources (EXT), an international mineral exploration and mining Company mainly searching for gold, uranium and nickel was at the top position. The company saw an increase of 16.2 percent or $1.17 to its stock price and was closed for the week at $8.35. The second place was taken by Karoon Gas Australia (KAR), a company that concentrates in the business of exploration, identification and development of oil and gas reserves. The company added 13.1 percent or 95 cents to its stock price and was closed for the week at $8.19. Lluka Resources (ILU) took the third position in this list.

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!