The Best Performing Companies of the Week

Submitted by Jim Thesiger on 6 April, 2010 - 02:54

Lihir Gold Limited (LGL), an Australia based company with concentration on gold mining, exploration and processing in the Australasian region was the best performer for this week in ASX100 with a gain of 33.7 percent or $1.02 to its stock price closing the week at $4.04. It was a mixture of gold, utilities, services, coal and exploration companies in the list of winning companies for ASX100 and ASX200: Lihir Gold Limited (LGL), Boart Longyear (BLY), Aquarius Platinum (AQP), Macarthur Coal (MCC) and Gindalbie Metals (GBG). The second place was taken by Boart Longyear (BLY), a company that offers drilling products and services to energy, infrastructure, environmental, mining and mineral industries. The company gained 8.1 percent or 3 cents to its stock price and closed at 33 cents. It was followed by Aquarius Platinum (AQP), a company that is engaged in exploration, development and acquisition of platinum group metals.The company saw an increase of 7.7 percent or 52 cents to its stock price closing the week at $7.22.

In the ASX200 list, it was Lihir Gold Limited (LGL), Macarthur Coal (MCC) and Gindalbie Metals (GBG) who made it for the first three positions of the week. Among them, Lihir Gold Limited (LGL) secured the first position. The second place was taken by Macarthur Coal (MCC), a company that concentrates in exploration and production of coal. The company added 25.3 percent or $3.01 to its stock price and was closed for the week at $14.87. Next in the line was Gindalbie Metals (GBG), an independent iron ore explorer with primary focuses on the exploration and appraisal of iron ore projects and developing joint ventures with other miners for mineral exploration. The company added 13.6 percent or 15 cents to its share price closing the week at $1.25.

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