Extract Resources
Extract Resources (EXT) is a global mineral exploration and mining Company primarily searching for gold, uranium and nickel. The Company’s uranium exploration operations are predominately held in Namibia where it owns a significant landholding of 2,653 km over a number of exploration licenses. In Namibia its key project location is situated 5km south of the top class Rossing Mine and 20 km west of Langer Heinrich. The Company is dual listed on the ASX and TSX with the same code “EXT” on each. Extract Resources listed on the ASX on 4rth of August, 2000.
Karoon Gas Australia (KAR), a company that focuses in exploration, identification and development of oil and gas reserves was the worst performer in the Australian Stock Exchange for the week. Karoon lost 27.9 percent to its stock price closing the week at $7.92. The company closed at $10.98 in the earlier week. The market capitalisation of the company was $1402 million.
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