ASX Round-Up: ASX Finishes Down, Drillsearch Energy Top Performer

The Australian Securities Exchange (ASX) closed at 5,405.1 points today. Shares posted a major drop this week after an attack on oil fields in Iraq raised the possibility of war in that country, according to The Sydney Morning Herald.

Still, a number of mining companies gained on the ASX today. Drillsearch Energy (ASX:DLS), a company that explores for, develops and produces oil and gas interests, saw its stock rise by $0.10, or 6.87 percent, to close at $1.55. Drillsearch was the top performer on the market, and announced this Thursday that it has acquired a 19.9-percent interest in Ambassador Oil and Gas (ASX:AQO).

Also gaining was Whitehaven Coal (ASX:WHC), a company engaged in developing and operating coal mines in New South Wales. It rose by $0.06, or 3.93 percent, to end at $1.46, while gold-focused Evolution (ASX:EVN) saw a stock price increase of $0.03, or 3.68 percent, closing at $0.85.

In terms of companies that fell, it was iron producers taking the hit this week. Aquila Resources (ASX:AQA), which mines coal, iron ore and manganese and is facing bids from Baosteel and Mineral Resources (ASX:MIN), fell in share value by $0.44, or 12.43 percent, to close at $3.10. Similarly, BC Iron (ASX:BCI), which mines, crushes and exports iron ore in Western Australia, dropped by $0.26, or 7.83 percent, to close at $3.06. Finally, Australian iron producer Fortescue Metals Group (ASX:FMG) fell $0.27, or 6.24 percent, to reach $4.06.

Get the Latest Resource Investing Stock Information

Get the latest information about companies associated with Resource Investing delivered directly to your inbox.

Agriculture
+ see more
Copper
+ see more
Copper Investing
Gold - Bullion
Gold - Production/Mining
+ see more
Gold - Project Generators
Gold - Prospecting and Exploration
+ see more
Gold - Resource Definition/Pre Feasibility
Gold - Resource Expansion/Feasibility Study/PEA
Graphite - Production/Mining
Graphite - Prospecting and Exploration
Graphite - Resource Definition/Pre Feasibility
Graphite - Resource Expansion/Feasibility Study/PEA
Silver - $0-15m
Silver - $15-50m
Other Companies
+ see more

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply