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Team Veye   March 16, 2026

ASX Stocks Hitting 52-Week Highs Keenly Watched By Investors

Team Veye   March 16, 2026
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Telstra, Horizon Oil and Lithium Energy are indicating earnings gains, production progress and strategic moves that could drive future performance.Β 

Telstra Group Limited (ASX: TLS)Β 

reported strong first half FY26 results with earnings rising across mobiles consumer fixed infrastructure and Amplitel showing steady momentum.

Mobile unit added customers and higher ARPU lifting service revenue 5.6 percent while disciplined spending reduced expenses by $179 million.

Cash EBIT increased 14% helped by lower capital spending and efficiency actions giving positive operating leverage and income improvement.

The company tightened FY26 EBITDA guidance to $8.2b-$8.4b kept Cash EBIT outlook and expanded share buyback to $1.25b showing confidence ahead.

Horizon Oil Limited (ASX: HZN)Β 

has announced HY26 revenue US$54.2m and EBITDAX US$28.6m. Profit reached US$2.4m. Cashflow US$25.1m. Production rose 26%. Dividend 1.5 cents declared.

Balance sheet stayed strong with US$35.6m cash and US$9.8m net debt. Thailand acquisition lifted output while operating costs stayed controlled.

Assets like Maari Block 22/12 Mereenie and Thailand fields maintained steady production. Several workovers upgrades and planned wells aim to improve output.

Company extended Mereenie gas sales agreement deadline to 24 March 2026. It also launched takeover plans to acquire remaining Cue shares.

Lithium Energy Ltd (ASX: LEL)Β 

on 10 March 2026 announced initial assay results from Burke Mt Dromedary drilling showing high grade graphite intercepts up to 41m. The drilling program includes 29 RC and 3 diamond core holes with remaining assays expected by April-May 2026 to expand resource estimates.

LEL aims to delineate a combined upgraded JORC Mineral Resource across Burke and Mt Dromedary from current in-fill drilling activities.

The future focus includes advancing graphite lithium gold-copper projects in Australia and the United States along with exploring battery mineral investments locally and overseas.

(Source: Company Report)

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