FMG

Cazaly Resources share prices soared at the Australian stock exchange after its announcement to team up with Fortescue Metals to mine the iron in Pilbara region in Western Australia. It has obtained the documents for renewal process of the land by Rio Tinto under the Freedom of Information Act. It now claims that there are several defects in the renewal process that leaves the land open for rights to occupancy. However, Rio Tinto has strongly objected to any such allegations.

Sundance Resources (SDL) was the overall best performing stock taking in a 47.05 percent increase. The technical chart of the Sundance Resource stock price shows the rise and fall of their stock price. Last week presented a spike which broke the 100 day exponential moving average. Also note that the chart is in logarithmic scale (which displays price movements which is proportional with respect to percentage values) and also the spike in volume.

Energy Resources of Australia (ERA) was the worst performer with a negative move of 18.2%. Among the worst performing stocks for the past trading week (week 13 for 2008) on the Australian sharemarket were a mixture of child care services, mining, energy and financial services: ABC Learning (ABS), Lihir Gold (LHG), Fortescue (FMG), Energy Resources Of Australia (ERA), Macquarie DDR Trust (MDT). These worst performing stocks for week 13 of 2008 were ranged from 13.8 percent to 18.2 percent in their losses.

Allco Finance (AFG) was the overall worst performing stock taking in 39% percent decrease. Among the worst performing stocks for the past week (week 12 for 2008) on the Australian sharemarket were a mixture financial services, metal & mining and educational services: Allco Finance (AFG), Fortescue (FMG), ABC Learning (ABS), Macquarie DDR Trust (MDT). These worst performing stocks for week 3 of 2008 recorded higher than 15.4 percent by the end of the trading week.

Queensland Gas QGC was the overall best performing Australian company taking in a 34.5 percent increase in its share price this week. For the past week (week 6 for 2008) on the Australian sharemarket, among the best performing stocks were a mixture of metal & mineral, telecommunication & media, steel and coal seam gas companies: Fortescue (FMG), Telstra (TCS), OneSteel (OST), Queensland Gas (QGC), Arrow Energy (AOE). These best performing stocks for week 3 recorded between 5.3 percent to 34.5 percent for their gain by the end of the trading week.

Orica was the overall winning stock for the week taking in a 11.2 percent increase in its share price. It was a mixture of metal commercial explosives, mining, travel and media companies who were among the best performing stocks for the week 50 of 2007 on the Australian sharemarket: Orica (ORI), Fortescue (FMG), Consolidated Media (CMJ), Flight Centre (FLT). These best performing stocks for week 50 recorded gains above 10 percent by the end of the trading week.

Fortescue was the overall best performing stock taking in a 15.72 percent increase. It was a mixture of metal & mineral, securities services, pharmaceuticals and mining that were among the best performing stocks for the Australian sharemarket for week 46 of 2007: Fortescue Metals (FMG), Computershare (CPU), Sigma Pharmaceutical (SIP), Iluka Resources (ILU). These best performing stocks managed gains over 9.93 percent by the end of the trading week.

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.

Fortesque Metals (FMG) was the best performing stock on the Australian Stock Exchange ASX200 index this week for week 19 of 2007. Fortesque closed the week up 18 percent or $5.23 closing the week at $34.45. The stock is also up by 54 percent for the month. The All Ordinaries index closed at 6319.7 and the ASX200 index closed at 6312.5.