Poseidon Nickel, East Coast Minerals and Hot Chili top the Proactive Investors Rippers today Wednesday, February 16, 2011 by John Phillips The All Ordinaries gained one point today to 5019, which is a very good performance considering the index controlling behemoth BHP Billiton actually fell 1.7%.
On the markets, The Proactive Investors Ripper award was Poseidon Nickel (ASX: POS) with a 43% share spike, with no news today, but yesterday the company announced a restart of underground mining operations at Windarra.
Other top performing stocks included East Coast Minerals (ASX: ECM) which jumped 26%, as Hot Chili (ASX: HCH) gained 25%, with Rand Mining (ASX: RND) heading north 25% and Black Range Minerals (ASX: BLR) strengthened 24%.
The biggest Dippers, or percentage fallers on the day, was a very thinly traded Q Limited (ASX: QXQ) with tanked 40%, with Kip McGrath Education Centres (ASX: KME) dropping 28%, while APAC Coal (ASX: AAL) eased 24% and Aspermont (ASX: ASP) gave back 20%.
Topping the most actively traded stock was Zambezi Resources (ASX: ZRL) yet again with a massive 235 million shares changing hands, with Black Range Minerals (ASX: BLR) 104 million, Peninsula Energy (ASX: PEN) 66 million, Alcyone Resources (ASX: AYN) 53 million and ABM Resources (ASX: ABU) 41 million.
The King Kong of the Australian stock market, BHP Billiton (ASX: BHP) took centre stage today with 20,700 trades pretty much controlling the market, with Westpac (ASX: WBC) 14,400, Rio Tinto (ASX: RIO) 14,300, Commonwealth Bank (ASX: CBA) 14,000 and Newcrest Mining (ASX: NCM Quelle Proactivinvestor
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