The Best 3 Companies of the Week

Submitted by Jim Thesiger on 28 May, 2010 - 16:35

Paladin Energy, (PDN), a company which is mainly involved in the acquisition and development of uranium projects in Australia and Africa had the best performing stocks of the week in ASX100 with a gain of 10.2 percent or 38 cents closing the week at $4.08. It was a mixture of energy, exploration, project management, healthcare services and mining companies for ASX100 and ASX200: Paladin Energy (PDN), Aquarius Platinum (AQP), Transfield Services (TSE), St Barbara (SBM), Healthscope (HSP), Murchison Metals (MMX). The second place was taken by Aquarius Platinum (AQP), a company that focuses on exploration, development and acquisition of platinum group metals.The company gained 9.3 percent or 60 cents to its stock price and closed at $7. It was followed by Transfield Services (TSE), which provides services in sectors like maintenance, operations, assets and project management. The company saw an increase of 8.3 percent or 32 cents to its stock price closing the week at $4.16.

In the ASX200 list, it was St Barbara (SBM), Healthscope (HSP) and Murchison Metals (MMX) who made it for the first three positions of the week. Among them, St Barbara (SBM), a company that operates in the gold production and mineral exploration industry with main focus on mining and sale of gold, investments, mineral exploration and exploitation in Australia was at the top position. The company saw an increase of 25.4 percent or 7 cents to its stock price and was closed for the week at 32 cents. The second place was taken by Healthscope (HSP), a leading healthcare services provider in Australia that owns and operates a portfolio of around 45 medical/surgical, rehabilitation and psychiatric hospitals. The company added 21.1 percent or 92 cents to its stock price and was closed for the week at $5.28. Next in the line was Murchison Metals (MMX), a company that concentrates on iron ore exploration and mining business in Western Australia. The company added $17.9 percent or 35 cents to its share price closing the week at $2.30.

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