3 Best Performing ASX shares in week 3, 17 January 2022

Marc Kennis 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


American Rare Earths



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


Morella Corporation



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


genetic techologies



Learn more about ASX-listed stocks with
Stocks Down Under!


Subscribe to Stocks Down Under today!




No credit card needed and the trial expires automatically.



Recent Posts

coal be phased out in Australia

When will coal be phased out in Australia? And what will this mean for ASX coal and energy stocks?

When will coal be phased out in Australia? It is inevitable that coal’s days are numbered, although the Russia-Ukraine war…

Woolworths shares

Here are 5 reasons why Woolworths shares aren’t as great an investment as you might think

Woolworths shares may at first glance appear to be one of the most risk-free investments on the ASX. It has…

Australian merger and acquisition laws

Australian merger and acquisition laws will be overhauled in 2026. Is this good or bad for ASX stocks?

Last week, the government introduced changes Australian merger and acquisition laws not seen in nearly 5 decades. The ACCC had…