Iron ore, coal and manganese miner Aquila Resources Limited (ASX:AQA) jumped the S&P/ASX 200’s best performer over the month of May after receiving a $1.4 billion takeover offer.
The company’s stock surged about 40 per cent to finish the month at $3.47 on the back of the bid from Chinese giant Baosteel and Australian coal haulage company Aurizon Holdings Limited
(ASX:AZJ).
On the flip side gold miner Regis Resources Limited
(ASX:RRL) plunged about 40 per cent to end the month of May at $1.55 after disappointing investors with an exploration update.
Among the new entrants cleaning and services company Spotless Group Holdings Limited
(ASX:SPO) and mortgage lender insurance firm Genworth Mortgage Insurance Australia Limited
(ASX:GMA) celebrated well received IPOs.
Spotless Group has gained about 15 per cent since listing to $1.85 and Genworth has jumped about 20 per cent to $3.16 at the end of May.
Aquila Resources reported a net loss of $590,000 in the first half of the 2014 financial year.
