ASX shares hitting 52 week lows

These three ASX companies are showing mixed performance trends despite hitting 52-week lows with ongoing growth and expansion activities.

Lode Resources Limited (ASX: LDR)

Lode Resources Limited on 30 April 2026 shared strong progress at the Montezuma Silver–Antimony Project in Tasmania. Drilling expanded the known mineralised zone and confirmed high-grade silver and antimony. Work during the quarter supported the ongoing Pre-Feasibility Study. After quarter end the company also released its maiden JORC Mineral Resource Estimate for Montezuma with most of the resource classified as Indicated.

During the quarter, the company expanded its Tasmania landholding to 250 km². New sampling at Silver Cliffs and Blocks East returned high silver and antimony grades from historical workings. Both prospects are now moving toward drilling approvals. After month end North Valley also produced high tin results from early reconnaissance work.

At the New England Antimony Project in NSW surface work at Rock Abbey identified broad antimony mineralisation across a long strike area. Sampling also returned associated gold values. An 18-hole drilling programme started after the quarter ended.

At the Uralla Gold Project in NSW a 29-hole drilling campaign was completed after quarter end. The programme targeted extensions of known gold zones with assay results still pending.

Qoria Ltd (ASX: QOR) 

Qoria Ltd  provided an update on its merger with Aura on 24 April 2026. Aura increased its equity placement to US$100 million from the earlier US$75 million plan. The additional funding came from existing Aura investors. The implied placement price was set at A$0.40 per Qoria share while the merger ratio remained unchanged.

The revised structure improves the combined group’s financial position and allows further investment during rapid industry changes linked to AI. The business also expects to remain free cash flow positive after the merger closes through the end of 2026.

During the March 2026 quarter, QOR achieved record ARR growth with exit ARR reaching AUD151M. Qustodio continued strong expansion with annualised growth above 30%. 

Qoria’s K12 business delivered strong sales growth in the UK and Australia during the quarter. The company also built a large sales pipeline ahead of the important June selling season in the United States.

Harvey Norman Holdings Ltd (ASX: HVN)

Harvey Norman Holdings Ltd on 27 February 2026 shared results for the half year ended 31 December 2025. The Profit before tax rose strongly to $466.31 million compared with the prior period increase of $66.02 million. After adjustments, underlying profit also improved to $372.79 million.

Franchising operations delivered higher earnings of $205.93 million while overseas retail profit increased to $92.09 million. The property segment also improved to $178.82 million supported by rental growth and stable occupancy across assets. Total assets stood at $8.77 billion with strong property holdings.

The company outlined expansion plans across multiple regions. These include store relocations and refits in Australia, a new store opening in the UK in April 2026, new developments in the Croatia and additional store openings planned in Malaysia through FY26 and FY27.

(Source: Company Report)