3 Best Performing ASX shares in week 5, 31 January 2022
Marc Kennis, February 7, 2022
Best performing ASX shares
This week it’s all about resources. FAR Ltd (ASX:FAR) went up 78.1%, while Renascor Resources (ASX:RNU) jumped 47.6%. Lastly Rumble Resources (ASX:RTR) rose 46.7% and rounds out the top 3 best performing ASX shares last week.
1. FAR Ltd (ASX:FAR)
Industry: Energy
FAR Ltd (ASX:FAR) is exploring for and developing oil and gas deposits. Its conducting activities are focused on identifing and evaluating new exploration projects, while the company is also working on the monetisation of oil exploration and its production interests.
Market Cap: $65M
12 month high / low: $0.64 – $1.53
2. Renascor Resources (ASX:RNU)
Industry: Basic Materials
Renascor Resources (ASX:RNU) is an Australian-based company focused on the development of economically viable minerals. Renascor has a tenement portfolio and holds interests in key mineral provinces of South Australia. The principal activity of the group during the financial year was mineral exploration, development and evaluation.
Market Cap: $587M
12 month high / low: $0.033 – $0.31
3. Rumble Resources (ASX:RTR)
Industry: Basic Materials
Rumble Resources (ASX:RTR) is an Australian-based mineral exploration company with a clear strategy of organic growth via the generation of a pipeline of quality high grade base and precious metal projects, critical review against stringent criteria, provide optionality to complete low cost systematic exploration to drill test for high grade discoveries on multiple projects.
Market Cap: $341m
12 month high / low: $0.091 – $0.80
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