MGX

Mount Gibson Iron (MGX)

Sat, 13/12/2008 - 12:49

Stock Code

MGX

Stock Exchange

Australian Securities Exchange

Mount Gibson Iron (MGX) is an iron ore exploration and production company. The key projects of the company are the Tallering Peak, My Gibson and the Koolanooka hematite deposits, situated in the Midwest region of Western Australia. Mount Gibson listed on the Australian Stock Exchange on 12 February, 1976. MGX is principally focused on the mining of hematite deposits at Tallering Peak and Koolan Island.

Best Performing Shares of the Week


Transurban Group (TCL), a company that owns, develops and operates intelligent transport systems and electronic toll roads with operations in Australia and the United States had the best performing shares of the 6th week in ASX100 with a gain of 21.7 percent or 99 cents to its stock price closing the week at $5.55.

Losers of the Week


Centennial Coal Company (CEY) the largest Australia based independent coal company which is involved in a coal mining and marketing with the focus on supply of coking and thermal coal to both Australian and export markets was the worst performer in the ASX100 list for the 3rd week of 2010. The company lost 10.9 percent or 46 cents to its stock price and was closed for the week at $3.73.

Best Performer of the 30th Week: Emeco Holdings


Emeco Holdings (EHL), a company that mainly focuses on sales, leasing and parts and maintenance services for heavy earth moving equipments was the best performer in the Australian stock exchange for the 30th week. The company saw a rise of 29.6 percent in its share price and was closed for the week at 46 cents.

Murchison Metals (MMX) Worst Performer of Week 25, 2009


Murchison Metals (MMX) - one of the leading iron ore exploration companies in Australia was the worst performing stock in ASX 200 on week 25. The company lost 23.4 percent or 51 cents on the share market. Some other worst performing stocks of this list were Gloucester Coal (GCL), Kagara Zinc (KZL), Paper Linx (PPX), ING Industrial Fund (IIF) and Paladin Energy (PDN).

A Review On The Resources Sector


Here is a review on the sector resources provided by Australian stockmarket analyst Macquarie Research Equities.

How High can Resources Go? A Review of the Sector

Pan Australian Resources (PNA): Winner


Pan Australian Resources (PNA) was the overall best performing stock taking in a 13.09 percent increase. Among the best performing companies for the week 42 of 2007 on the Australian sharemarket were a mixture of energy, metal & mining, drilling services and agribusiness: Paladin Energy (PDN), Newcrest (NCM), Boart Longyear (BLY), Pan Australian Resources (PNA), AWB (AWB), Mt. Gibson Iron (MGX). All the above best performing stocks for week 42 managed more than 5 percent gain by the end of the trading week. The week’s highlight was the majority of metal and mining companies.

Best Performing Stocks Week 42


Among the best performing stocks last week (week 42) on the Australian sharemarket were a mixture of energy and mining companies: Nexus Energy (NXS), Paladin (PDN), Pan Australian Resources (PNA), AWB, Mt Gibson Iron (MGX), Sino Gold (SGX), Roc Oil (ROC) and Flight Centre (FLT). All the above best performing stocks for week 42 stocks managed more than 10 percent gain on the trading week. Nexus Energy was the overall winning stock taking in a 16 percent increase after new company takeover speculation and the recent increase in the oil price.

Macaurthur Coal (MCC) Best Performing Stocks


Macarthur Coal (MCC) was the overall best performing stock taking in a 19.54 percent increase. Among the best performing companies for the past week (week 41 of 2007) on the Australian sharemarket were a mixture of chemical manufacturing, communication services, aviation, coal mining, metal and transportation: Incitec Pivot (IPL), Telstra Corporation (TLS), Qantas (QAN), Macarthur Coal (MCC), Mt. Gibson Iron (MGX), Cabcharge Australia (CAB). These best performing stocks for week 41 managed more than 5.48 percent gain by the end of the trading week.

Lynas Corporation (LYS): Winner for Week 39 of 2007


Lynas Corporation (LYS) was the overall best performing stock taking in a 20.09 percent increase. Among the best performing companies for the past week (week 39 of 2007) on the Australian sharemarket were a mixture of financial services, aviation, metal and mining: Allco Finance (AFG), Babcock & Brown Air (BNB), Fortescue (FMG), Lynas Corporation (LYC), Mt. Gibson Iron (MGX), Murchison Metals (MMX). The majority of the best performing companies were metal & mining companies.

Syndicate content

E*Trade - $550 FREE Brokerage!