Paladin

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.

Paladin (PDN) was the worst performing company listed on the ASX 100 index (Loser of the week, week 40 of 2007). The uranium company saw its shares fall by 11.9 percent or 92 cents closing the week at $6.82. Uranium erased most of the gains it has made this year in trading yesterday as supply outpaced demand, as the metal fell last week. The Australian dollar closed the week at US88.90 cents, gold at 736.35, All Ordinaries at 6617.3 and ASX 200 at 6605.4. The company was previously a loser of the week back in March this year.

Paladin (PDN) is the worst performing company on both the ASX100 and ASX200 indexes this week (Loser of the week for week 8 of 2007). The uranium mining company closes the week 15.04 percent lower, shedding $1.57 to close at $8.87 per share. The ASX All Ordinaries closed the week at 5775.2 and the ASX 200 finished at 5786.

Here are the best performing stocks listed the Australian Stock Exchange (ASX) for the 2005-2006 financial year. As a trader and you run through this list, it makes you wonder... is it worth your while trading actively, or simply spending the time researching a bunch of companies and simply waiting and see if it brings a return? I looked at this issue previously in blog entry.