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Why these 3 ASX stocks are flying at 52-week highs

The S&P/ASX 200 opened down today, dropping 17 points to 5791 at the time of writing.

But these 3 shares are flying high at 52-week share price highs.

Regis Resources Limited (ASX: RRL)

Gold production and exploration company Regis Resources Limited share prices are up 0.6% to $4.74 at the time of writing – a 52-week high for the stock and a rise from $3.61 at this time last year after a steady upward swing over the last 12-months.

Australian gold miners have stormed higher in the last couple of weeks with shares in Evolution Mining Ltd (ASX: EVN) 0.6% higher to $3.17 at the time of writing and Resolute Mining Limited (ASX: RSG) also on the gains list at $1.29 at the time of writing.

Mantra Group Ltd (ASX: MTR)

Australian accommodation operator Mantra Group Ltd shares are up 0.2% today to $3.95 at a 52- week high for the share after a successful 12-months of share price rises.

Mantra is set to be taken over by Paris-based AccorHotels on May 23, with Accor set to become Australia’s biggest hotel chain after it gobbles up Mantra.

Accor already manages 212 hotels in Australia and 35 in New Zealand, with Mantra holding more than 135 hotels across Australia, New Zealand and Indonesia.

The takeover is a $3.96 per share scheme of arrangement with the deal cleared by the Foreign Investment Board and ACCC.

Summerset Group Holdings Ltd (ASX: SNZ)

Shares in emerging integrated retirement village company with assets across New Zealand, Summerset Group Holdings, are sitting at $6.47 at the time of writing – a 52-week high for the stock.

Summerset joins big-name players like Ramsay Health Care Limited Fully Paid Ord. Shrs (ASX: RHC) and Healthscope Ltd (ASX: HSO) in the burgeoning aged care space, and is making quite a name for itself in the retirement village sector for its hugely-successful retirement offerings across New Zealand and fool-proof growth strategy.

Summerset shares have gained 29% from its $5 share price at this time last year and its plans to develop on sites banked in Lower Hutt, Parnell, Rototuna, St Johns and Casebrook should see the company continue to book solid gains in the future.

Also on the S&P/ASX 200 gains today, albeit not quite in 52-week high territory – are stocks such as bauxite miner Alumina Limited (ASX: AWC) – up 3.5% at the time of writing to $2.63 and home media company oOh!Media Ltd (ASX: OML) – up 1.2% to $4.91.

Top 3 ASX Blue Chips To Buy In 2018

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ramsay Health Care Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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