3 ASX shares leaping to new 52-week highs in today’s sinking market

3 ASX shares leaping to new 52-week highs in today's sinking market

These ASX shares are shrugging off the broader market jitters to hit new 52-week plus highs.

Bernd Struben

Author bio Bernd Struben earned his BA in economics from the University of Michigan in 1991, with post-graduate studies in environmental economics at the University of Connecticut. Over the years he’s written about and analysed the tourism industry in the Caribbean; Europe’s commercial real estate markets; and, since moving to Australia in 2010, global and Aussie share markets. Bernd studies geopolitical and macroeconomic trends, alongside sector and company specific data, to gauge what he believes could be tomorrow's best investments. In his free time, you might find Bernd at the beach with his family or working on his next science fiction novel. Areas of expertise Australian and global share markets Macroeconomic and geopolitical trends Real estate Education Economics, University of Michigan Favorite investment quote "The four most dangerous words in investing are: 'This time it's different." — Sir John Templeton

Published March 12, 2025 1:27 pm AEDT

The All Ordinaries Index (ASX: XAO) is down 1.6% today amid ongoing global tariff uncertainties, but three ASX shares are shrugging off the market worries to notch new 52-week plus highs.

Here's what happening.

Hiker man backpacker with hands up in the summer mountains with cloudy sky. — Image source: Getty Images

ASX shares posting new 52-week highs

Up first we have Farm Pride Foods Ltd (ASX: FRM).

Shares in the Aussie egg company are up 4.8% to 22 cents in very thin trade today.

This puts the ASX share up 83.3% in a year and trading at its highest levels since February 2022.

At the company's half-year results (H1 FY 2025), reported on 26 February, Farm Pride reported an after tax profit of $1.6 million, up from a loss of $920,000 in H1 FY 2024. Management noted this marked the first half-yearly profit the company had achieved since the financial year ending 30 June 2018.

The second ASX share hitting new 52-week plus highs despite today's sinking market is Australian Agricultural Co Ltd (ASX: AAC).

Shares in the Australian beef producer are up 0.3% today, changing hand for $1.535 apiece.

While that's a slender intraday gain, it sees the Australian Agricultural share price up 9.6% in a year and trading at the highest level since June 2023.

The last price-sensitive news from the ASX share was the release of its half-year results (H1 FY 2025).

Australian Agriculture reported a 17.0% year on year increase in revenue to $195.5 million and a statutory net profit after tax of $23.6 million, up from a loss of $105.5 million in H1 FY 2024. However, with operating profit margins sliding from 18.1% to 10.3%, operating profits fell 32.9% year on year to $20.2 million.

Rounding off the list of ASX shares shrugging off today's market sell-down to hit new 52-week highs is New Murchison Gold Ltd (ASX: NMG), formerly known as Ora Gold.

The New Murchinson Gold share price is up 7.7% to 1.4 cents a share, giving it a market cap of just over $108 million. This puts the share price up 40% in a year.

The ASX share closed up 33.3% on Monday following a promising exploration update from the Garden Gully Gold Project in Western Australia.

Commenting on the exploration results earlier this week, New Murchison Gold CEO Alex Passmore said:

While we caution that assays are awaited …we are pleased to report the strong visual indications of mineralisation in a key extensional area for the Crown Prince resource.

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