Mount Gibson Iron
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.
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.
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.
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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).
Mount Gibson Iron (MGX) was the best performing stock on the ASX200 index this week. (Winner of the week in ASX200 for week 37 of 2007). The iron ore mining and exploration company increased their stock value by 14.706 percent, rising by 25 cents and closing the week at $1.95.
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