3 ASX Stocks Trading Near Their 52-Week High in 2026

Three ASX companies – MHK, ASL & LAU are currently trading near their 52 week highs. Here’s a closer look at the key factors driving their recent share price momentum.

Metal Hawk Limited (ASX: MHK)

On 25 August 2026, announced that the RC drilling at the Thylacine south zone has delivered stand-out gold results within thick quartz veining at the newly named Numbat lode. The intersection is 9m @ 12.3g/t Au from 70m, including a high-grade core of 5m @ 20.7g/t Au and are the best result till date.

Earlier, on 30 July 2026, the company announced its June quarter results stating continued exploration progress at its 100% owned Leinster South Project. The RC drilling program at Leinster South consisted of 18 holes drilled for 2,734m. The best results included intersection of 3m @ 9.8g/t Au from 32m, including 2m @ 14.1g/t Au from 32m.

The company has a market capitalisation of approximately $11.72 million and had a stable cash position of $1.31 million at end of quarter. It has also planned on commencing more exploration related activities in September quarter, expanding its operational capabilities.

MHK is progressing rapidly with its latest drilling success creating a major impact as the stock price surged more than 60% post announcement, making the stock trade near its 52 week high, reflecting great investor confidence.

Andean Silver Limited (ASX: ASL)

On 29 July 2026, published its June quarter report, reflecting strong performance as the Updated Mineral Resource Estimate at the Cerro Bayo silver-gold project in Chile delivers a 230% increase in Indicated Resources, marking a key step on the path to development and a production restart.

The company is now preparing for upcoming 60,000m drilling program which will further de-risk the Resource and update geotechnical and metallurgical data ahead of study work. ASL is now preparing to test the enormous potential of the wider region, with the first drilling program in the Cerro Bayo district area in over 20 years.

ASL has a market capitalisation of $591.3 million with a quarter end cash balance of $42.7 million, supporting its ongoing operations as the company will continue with its four drill rigs. It will take place in parallel with the economic studies, which are assessing various re-start mining scenarios at Cerro Bayo.

Andean is continuously expanding its operations and providing great value to its shareholder with significant returns over the year and trading near its 52 week high, reflecting growing investor confidence in its operations.

Lindsay Australia Limited (ASX: LAU)

As on 24 August 2026, announced its full year results, highlighting strong growth as the company’s group revenue increased by 26.2% to 1.07 billion along with a significant growth in other income statement metrics.

Underlying EPS of the company reached 7.6 cents with an ROIC of 13.9% for the full year. The company also improved its net leverage to 1.92x, down from 2.23x in the previous half.

Lindsay has a market capitalisation of approximately $263.7 million with an attractive dividend yield of 5.27%. The company has also announced a dividend of 1.7cps, totalling the full year payout to 3.8cps, reflecting management’s confidence in its operations.

LAU has strengthened its balance sheet along with an impressive profitability, providing great value to the shareholders with a growing share price, trading near its 52 week high, demonstrating strong investor confidence.

(Source: Company Announcement)