3 ASX All Ords shares that racked up new 52-week highs this morning

The All Ordinaries (ASX: XAO) is down 0.15% so far today, but these ASX All Ords shares have still managed to hit 52-week highs.

Treasury Wine Estates Ltd (ASX: TWE), Perseus Mining Limited (ASX: PRU) and Monadelphous Group Limited (ASX: MND) shares all reached new, yearly or multi-year highs at some point during trading today.

Let’s take a look at what’s going on with these ASX All Ords companies.

Treasury Wine Estates

Treasury Wine shares soared to a multi-year high of $13.70 shortly after market open. The wine company’s share price leapt by 3.6% this morning to crack the new high before giving back some of those gains. At the time of writing, Treasury Wine shares are climbing by 0.61%.

Prime Minister Anthony Albanese is meeting with Chinese President Xi Jinping today and, as reported by SBS, Australia’s current trade sanctions on wine, coal, barley and beef could be on the agenda. China slapped a tariff on Australian wine exports back in 2020.

Monadelphous Group 

The Monadelphous Group share price hit a yearly high of $14.64 this morning before also pulling back. Monadelphous shares climbed 2.4% in early trade but are now 0.49% in the red. Monadelphous is an engineering company and recently provided an update on some new contracts. On 9 November, the company advised it had just been awarded new contracts and contract extensions in the resources and energy sectors worth $150 million.

Perseus Mining

Perseus Mining shares climbed 1.83% to an almost 10-year high of $2.22 this morning before shedding some of those gains and then rebounding again. The explorer’s share price is up 1.38% to $2.21 at the time of writing. The spot gold price is currently down 0.17% to US$1,773.9 an ounce, CNBC data shows.

Perseus is exploring gold from three operating mines in Africa. In the September quarter, Perseus reported record gold production of 137,460 ounces, up 12% on the previous quarter.

The post 3 ASX All Ords shares that racked up new 52-week highs this morning appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Brokers rate these blue chip ASX 200 shares as buys
• Here are the top 10 ASX 200 shares today
• Morgans names 3 of the best ASX 200 shares to buy in November
• Here’s why brokers rate these blue chip ASX 200 shares as buys
• These were the best-performing ASX 200 shares in October

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/AVhLiom