News and Announcements
3 ASX Stocks that Trounced the Market on Tuesday
- Published May 30, 2012 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
These three industrial stocks all cleaned the market’s clock, closing up more than 10%.
Linc Energy Ltd (ASX: LNC) jumped 14.9% to close at 81 cents, following on from a 15.6% rise on Monday, as buyers may believe they have spotted a bargain, with the share price down from a high of over $3 a year ago. The company recently advised the ASX that it believed the share price, at that time around 61 cents, was multiples below the price that the company estimates it should trade. Looks like investors believe the company as well.
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