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.
