5 of the ASX’s best performing shares in 2022

Nick Sundich Nick Sundich, June 17, 2022

This year has been a difficult year for ASX investors, but there have been some stocks that have had a good year and we have recapped five of the ASX’s best performing shares in 2022. Melbana Energy (ASX:MAY), Latin Resources (ASX:LRS), Hawsons Iron (ASX:HIO), Terracom (ASX:TER) and ResApp (ASX:RAP). 

 

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1. Melbana Energy (ASX:MEB)

Industry: Energy

With oil prices at near-decade highs, it’s fair to say that oil and gas explorer Melbana was at the right place at the right time. And it has recorded several positive updates from its exploration wells in Cuba, making it one of the best-performing ASX shares in 2022. 

However, the company is off all-time highs reached earlier this year as its Zapato-1 well has failed to excite to the same extent its Alameda-1 well did. 

Current share price: $0.076

Market Cap: $222.5m

12 month high/low: 0.22/0.018  

 

2. Latin Resources (ASX:LRS)

Industry: Resources

Latin Resources is, like Melbana, prospecting for a hot commodity and having significant success. Its flagship project is the Salinas lithium project in Brazil, which has delivered results as high as 2.27% lithium oxide. 

Although lithium hasn’t had as spectacular a year as oil, or even other battery metals, the increased uptake of electric vehicles has kept lithium prices at high levels. And Latin Resources is due to deliver a maiden resource by the end of this calendar year. 

Current share price: $0.066

Market Cap: $66M

12 month high/low: 0.23/0.027 

 

3. Hawsons Iron (ASX:HIO)

Industry: Resources

Hawsons specialises in iron ore, with a namesake project in NSW that has delivered spectacularly high grades – up to 70% iron ore.  

Shares went on a spectacular run around April when the federal government renewed its Major Project Status for another three year in recognition of the role it could play in delivering low emissions steel. Shareholders can expect a Bankable Feasibility Study (BFS) by the end of this calendar year.  

Current share price: $0.44

Market Cap: $282.8m

12 month high/low: 1.08/0.07

 

4. Terracom (ASX:TER)

Industry: Energy

Terracom is also in the commodities space, but unlike the previous three companies is in coal and is a producer. It owns the Blair Athol mine in Queensland and also has operations in South Africa.  

Shareholders have continued to embrace the company as it has continued delivering high coal sales and EBITDA. Last week, Terracom told its shareholders it was on track to sell 2.3m tonnes of coal in FY22 and 640,000 tonnes in the current quarter. It is expecting operating EBITDA for the full year of A$423 million.  

Current share price: $0.74

Market Cap: $546.4m

12 month high/low: 0.94/0.10 

 

5. ResApp (ASX:RAP)

Industry: Software & IT Services

You may notice almost all of the companies on our list of the ASX’s best performing shares in 2022 so far have been resources and energy stocks. ResApp has a telehealth tool that can detect respiratory health issues, such as bronchiolitis, pneumonia, asthma and even COVID-19, via smartphones. Investors who have held since its ASX listing in mid-2015 at 2 cents a share would be sitting on a more than sevenfold gain.  

The company had a rough few years, but there has been a lot more good fortune in 2022, including new partnerships and a positive result of its technology in detecting COVID-19. To top it all off the company has received a takeover offer from Pfizer, initially at 11 cents a share, now 20.7 cents a share, subject to a validation of its COVID-19 study. 

Current share price: $0.17

Market Cap: $150.4m

12 month high/low: 0.18/0.04

 

 

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