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The ASX 200 is ending the week with a red Friday, but that doesn’t mean things have been sour for every company on the Australian markets this week.
In fact, even when you shave off some of the earnings from October 28 to today – and the local bourse is trying its best to do just that – there were some clear standouts in a week where embattled Mineral Resources dominated the headlines yet again and financial service Zip Co. celebrated another U.S. expansion victory.
Here’s the top gainers across largecaps and the wider Aussie markets.
Largecap movers and shakers
Headline grabber Mineral Resources (ASX:MIN) bounced back from a huge slump over news Chris Ellison allegedly ran a tax avoidance scheme in the British Virgin Islands. The week’s reversal came after Gina Rinehart’s Hancock Prospecting on Thursday agreed to buy most of MinRes’ energy assets for $1.13 billion.
Zip Co Limited also bounced higher after scoring a big revenue win through partnerships with GameStop, Cathay Pacific, and Major League Baseball ticketing.
Through this week, the top five largecap gainers were:
| Company | Share price | Change |
|---|---|---|
| Mineral Resources | $41.03 | +13.89% |
| Zip Co Limited | $2.95 | +7.82% |
| Pinnacle Investment Management Group | $19.96 | +7.59% |
| Pilbara Minerals | $2.86 | +7.52% |
| Lynas Rare Earths Limited | $7.85 | +5.15% |
Top ASX gainers this week
Black Dragon Gold (ASX:BDG) was the clear winner through Week 44 after issuing 28,481,720 new shares on Friday. The gold miner leans most heavily on its 100% slice of the Salave gold project in Asturias, Spain.
Elsewhere, Norwegian-based Kuniko Limited (ASX:KNI) lifted more than 64% after responding to an ASX price query – it denied undisclosed information moving prices.
Perpetual (ASX:PEC) also rose after signing an MOU with Minas Gerais authorities.
These were the five top gainers through the entire ASX this week:
| Company | Share price | Change |
|---|---|---|
| Black Dragon Gold | 6.7 cents | +76.32% |
| Kuniko | 2.3 cents | +64.29% |
| Perpetual Resources | 1.9 cents | +35.71% |
| Rare Foods Australia | 2.7 cents | +35% |
| Brazilian Critical Minerals | 1 cent | +33.33% |
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