3 Best Performing ASX shares in week 3, 17 January 2022
Marc Kennis, January 24, 2022
3 Best performing ASX shares: American Rare Earths (ASX:ARR) almost doubled last week. It was up 94.9%, while Morella Corporation (ASX:1MC) was up 89.5%. Lastly, Genetic Technologies (ASX:GTG) was up a very solid 50% last week and wraps up the top 3 best performing ASX shares.
1. American Rare Earths (ASX:ARR)
Industry: Basic Materials
American Rare Earths Limited (ARR, formerly Broken Hill Prospecting) is an Australian exploration company focussed on the discovery and development of strategic mineral resources across two primary geographical areas; the Murray Basin Region (Heavy Mineral Sands) and the Broken Hill Region (industrial, base and precious metals, including the Thackaringa Cobalt and base/precious metal project).
Market Cap: $148M
12 month high / low: $0.545 – $0.066
2. Morella Corporation (ASX:1MC)
Industry: Chemicals
Morella Corporation Limited (1MC, formerly Altura Mining Limited) is an exploration and mineral resource development company, focused on lithium and battery minerals. Morella is currently engaged in exploration activities on two project opportunities, strategically located in Tier 1 mining jurisdictions in both Australia and the United States.
Market Cap: $185M
12 month high / low: $0.045 – $0.01
3. Genetic Technologies (ASX:GTG)
Industry: Technology
Genetic Technologies Limited (ASX:GTG) is a diagnostics company that offers predictive testing and assessment tools to help physicians proactively manage women’s health. The company’s lead products are GeneType for Breast Cancer for non-hereditary breast cancer and GeneType for Colorectal Cancer are clinically validated risk assessment tests and are first in class.
Market Cap: $55m
12 month high / low: $0.004 – $0.014
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