Winners and Losers: Jade Gas rallies on production news
News from growing gas business Jade Gas saw the company crack the Winners list last week.
Jade Gas Holdings rose by 21.43 per cent in the week ended 30 May after the company announced it was preparing to commence gas production.
Shares rose 17 per cent last Monday alone when the news was released.
The company said it had completed Mongolia’s first-ever horizontal gas production wells, with pumping to commence shortly.
It hopes both production wells in Mongolia will be on line in early June, and said it was “firmly positioned to unlock Mongolia’s substantial gas resources in the short-term”.
“Our focus also remains on progressing commercial discussions with partners so that Jade can quickly capture value from first gas production and leverage this into the broader development plan,” executive chairman Dennis Morton.
Orbminco enjoyed heavy trading last week, putting it in the top spot on the Winners list, one week after announcing the strategic acquisition of a West Australian gold asset.
While Papyrus Australia landed at the top of the Losers list, it remains one of the strongest performing companies for May. In fact, the company finished May up 75 per cent (the third best-performing SA stock for the month).
Similarly, while Terramin was down 8.33 last week, it is up 120 per cent on a year-on-year basis.
The All Ordinaries rose for an eighth week straight to put the market up nearly 4 per cent for the month of May and just 2 per cent shy of record February highs.
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The full list of Winners and Losers for the week ended 30 May 2025:
Data via Baker Young Limited analysts.
