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These were the 5 worst performing ASX 200 mining and resource shares of November

Last month was rough for these shares…
The post These were the 5 worst performing ASX 200 mining and resource shares of November appeared first on The Motley Fool Australia. –

November brought gains for many ASX 200 mining and resources shares, but not all stocks can top the charts.

Over the course of last month, the S&P/ASX 200 Resources Index (ASX XJR) gained 4.03% while the S&P/ASX 200 Materials Index (ASX: XMJ) soared 6.16%.

Unfortunately, where there are winners there must also be losers. Here are the 5 worst performing ASX 200 resources and mining shares of November 2021.

November’s worst performing ASX 200 mining and resources shares

Perenti Global Ltd (ASX: PRN) – down 19.61%

Interestingly, November was quiet for the worst ASX 200 mining or resource share of the month.

The only time the market heard price-sensitive news from this mining services company was on 5 November, when it asserted that media speculation it was involved in merger and acquisition activities was false.

While the Perenti share price surged 2.6% that day, the rest of the month wasn’t nearly as fruitful.

Perenti’s stock finished the month trading at 82 cents, 20 cents lower than where it ended the month prior.

Resolute Mining Limited (ASX: RSG) – down 14.29%

Gold miner Resolute Mining also had a poor month’s performance.

While the company remained silent during November, the market bided its share price from 42 cents down to 36 cents.

Last month was rocky for the price of gold too. According to data from CNBC, the yellow metal’s value increased 4.8% between the end of October and 17 November, before falling 4.9% to end November at US$1,776.50 an ounce.

Regis Resources Limited (ASX: RRL) – down 10%

It’s a similar story for fellow gold producer Regis Resources, though, the company did release news to the market in November.

Its share price slid when it provided investors with a seemingly positive biannual exploration update, wherein it detailed works at its Duketon and Tropicana projects.

The Regis Resources share price fell from $2 to $1.80 last month.

Alumina Limited (ASX: AWC) – down 9.55%

The Alumina share price also suffered, though the company didn’t release any news.

However, according to analysis by Capital.com, the price of aluminium slumped over much of November, potentially taking the aluminium producer’s shares with it.

At the end of October, the company’s shares were going for $1.99 a piece. Come the end of November, they were trading at $1.80.

Iluka Resources Limited (ASX: ILU) – down 8.3%

A last-minute gain wasn’t enough to save the Iluka Resources share price from getting on this list. It’s scrapped in as the fifth worst performing ASX mining or resource share.

The company’s stock gained 2.8% on 30 November when it announced inaugural mineral resource estimates for two of its Wimmera heavy mineral deposits.

Still, it ended the month trading at $8.62, 78 cents lower than it ended the month prior.

The post These were the 5 worst performing ASX 200 mining and resource shares of November appeared first on The Motley Fool Australia.

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More reading

These were the worst performing ASX 200 shares last week

5 things to watch on the ASX 200 on Thursday

Why Nuix, Resolute, Talga, and Vection shares are falling today

5 things to watch on the ASX 200 on Thursday

Regis Resources (ASX:RRL) share price falls despite upbeat exploration update

Motley Fool contributor Brooke Cooper 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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