The Worst Performing Companies of this Week

Submitted by Jim Thesiger on 30 March, 2010 - 06:13

Energy Resources of Australia (ERA), one of the primary producers of Uranium of the world was the worst performer of the ASX100 list for the 12th week of 2010. The company lost 5.9 percent or $1.20 to its stock price and was closed for the week at $18.90. It was a mixture of gold, coal, petroleum and services companies in the list of worst performing stocks for ASX100 and AX200 for the 12th week: Energy Resources of Australia (ERA), Downer EDI (DOW), Arrow Energy (AOE), Elders (ELD), Carnarvon Petroleum (CVN), Eldorado Gold Corporation (EAU). Downer EDI (DOW), a company that concentrates in the provision of infrastructure management services and comprehensive engineering services to private and public power, resource, rail, mining, road and telecommunications sectors in Australia, New Zealand, Asia, Europe and US was next in the line. The company lost 5.1 percent or 39 cents to its stock price closing the week at $7.21. Next was Arrow Energy (AOE), a major coal seam gas producer and explorer with a current market capitalisation of over AUS$2 billion with resources in south and central Queensland and northern New South Wales. The company saw a 4.7 percent or 25 cent drop to its share price and was closed for the week at $5.04.

In the ASX200 list, it was Elders (ELD), Carnarvon Petroleum (CVN) and Eldorado Gold Corporation (EAU) - who were the losing companies of the week. Elders (ELD), an Australia based rural and regional company that provides financial services and farm inputs for the farmers of Australia and New Zealand was in the top position in this list with a loss of 9 percent or 13 cents to its stock price closing the week at $1.30 (market capitalisation $583.2 million). Carnarvon Petroleum (CVN), which concentrates in exploration, development and production of oil and gas in Australia was placed at the second position in this list with a market capitalisation of $315.9 million. The company lost 8 percent or 4 cents to the stock price and was closed for the week at 46 cents. It was followed by Eldorado Gold Corporation (EAU), a company that produces gold with operations in Brazil, China, Greece, Turkey and surrounding regions. It lost 7.9 percent or $1.12 to its stock price closing the week at $13. The company had a market capitalisation of $434.4 million.

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