Stocks hitting 52 week lows and 52 week highs are closely watched by investors looking for value and high growth respectively. Bargain hunters look for profitable companies hitting 52 week lows, whereas stocks hitting 52 week highs provide fertile ground for growth seeking investors.
Here are the stocks hitting 52 week lows and 52 week highs this week:
52 Week Lows
Two weeks ago 35 stocks with market caps over $100 million dollars hit 52 Week Lows. Last week that number dropped to eleven. In a week that saw the ASX 200 starting the week in the red, then going slightly positive trading sideways until a strong close on the final trading day of the week, only seven companies hit 52 Week Lows.
One of those companies may be attractive to bargain hunters. For the second week in a row, laser technology uranium enrichment provider Silex Systems (SLX) hit a new 52 Week Low but finished the week in positive territory. Over three years the share price is up 80% with revenues increasing in each of the last three fiscal years and low debt.
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Here is the list, with closing share price and percentage movement for the Friday close.
- DGL – Investment holding company with assets in chemical manufacturing, logistics, and environmental services DGL Group — share price $.455 down 2.2%
- IMU — Oncology treatment company using the immune system to identify and eradicate tumors Imugene Limited share price $0.024 — down 7.69%
- PPT – Investment management and financial planning services company Perpetual Limited — share price $15.53 — down 0.64%
- RAC – Oncology biotechnology company with novel chemotherapy treatments in clinical trials Race Oncology — share price $.0925 down 2.63%
- SGR — Hotel and casino complex operator Star Entertainment Group — share price $010 — down 9.09%
- SLX — Laser technology for uranium enrichment developer Silex Systems — share price $2.74 — up 3.43%
- SWM – Free-to Air television operator Seven West Media — share price $0.13 — down 13.70%
52 Week Highs
Gold continues to move upward, hitting another all-time high this week gold hitting another all-time high at $USD 3,372.90. This week the number of stocks with market caps over $100 million jumped to 26, up from fifteen last week. Once again, gold miners dominated the list with 20 of the 26 companies from the gold sector or miners.
Three companies — Catalyst Metals (CYL), Capricorn Metals (CMM:) and Regis Resources (RRL – have made 52 Week Highs for three consecutive weeks while six made the list for the second week in a row .
Gold miners right now are validating the investing strategy characterised by the adage “Buy High, Buy Higher.”
Here is the list, with closing share price and percentage movement for the Friday close.
- AAR — Gold explorer with three projects in Western Australia – Astral Resources – share price $0.17 – down 2.94%
- ALK – Gold miner generating revenue and profits — Alkane Resources – share price $0.76 – down 1.29%%
- AMI – Operating gold miner Aurelia Metals — share price $0.29 — up 7.41%
- ARU – Rare earth explorer with a development project underway – Arafura Resources — share price $0.215 — up 13.16%
- ASB – Defense and commercial ship designer and builder – Austal Limited – share price – 4.89 – down 0.41%
- AZY – Gold exploration and development company with three projects in Western Australia Antipa Minerals – share price $0.535 – down 0.93%
- BOQ –Australian Bank of Queensland – share price $7.18 – up 4.66%
- CMM – Gold explorer with projects in Madagascar and Western Australia – Capricorn Metals — share price $9.97 – down 0.10%
- COL – Grocery and liquor retailer Coles Group share price $21.77 – up 0.76%
- CYL – Gold explorer with six projects across Australia Catalyst Metals share price $6.64 – down 0.90%
- DEG – Western Australia gold explorer being acquired by Northern Star Resources De Grey Mining — share price $2.64 — up 1.15%
- EOL –Software provider for the wholesale energy, environmental, and carbon trading markets Energy One – share price $11.32 – up 1.43%
- EVN – Gold miner Evolution Mining share price $8.46 — up 1.68%
- GG8 – Western Australia gold explorer with six projects in development – Gorilla Gold Mines – share price 0.52 – up 22.35%
- GMD – Western Australia gold explorer with two projects — Genesis Minerals share price $4.37 – down 0.46%
- LYC – Revenue and profit generating rare earths miner with assets in Australia and Malaysia Lynas Rare Earths – share price $8.84 – up 5.74%
- MEK Gold and rare earth explorer two gold and two rare earth projects in Western Australia Meeka Metals — share price $0.16 – down 3.03%
- NMG Western Australia gold miner with three projects New Murchison Gold – share price $0.175 – down 0.75%
- PRU –Revenue and profit generated from three operating mines in West Africa – Perseus Mining – share price $3.50 – flat at 0.0%
- RRL Revenue and profit generating gold Miner Regis Resources — share price $4.72 – down 1.26%
- RXL Gold explorer with three projects in Western Australia Rox Resources — share price $0.38 down 9.52%
- TCG – Gold explorer with two projects in Westt Africa Turaco Gold – share price $0.45 – up 4.65%
- WAF– Western Australia gold explorer with an operating mine and two additional assets in West Africa West African Gold – share price 2.42 – up 0.41%
- WIA – Gold explorer with two projects in West Africa WIS Gold — share price $0.19 – down 7.32%
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