Australia Markets closed

Stocks to watch

Stocks of interest at the close of trading on Friday, November 8.

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WPL - WOODSIDE PETROLEUM - up 67 cents, or 2.0 per cent, to $33.63

Woodside has increased its estimate for the gas contained in the Scarborough gas field off the coast of Western Australia by 52 per cent, to 11.1 trillion cubic feet.

The bigger estimate bolsters the business case for the Woodside's development of the gas field through its Burrup Hub plan, which it will decide on early next year.

REA - REA GROUP - down $3.85, or 3.6 per cent, to $102.85

The realestate.com.au owner has blamed a first-quarter earnings decline on the lingering effects of the housing downturn, although the online advertiser expects things to improve as sellers return to the market.

Group earnings excluding joint ventures and associates fell 14 per cent to $114.9 million for the three months to September 30 as national listings decreased by 15 per cent, dragged down by a 22 per cent decline in Sydney listings and 21 per cent in Melbourne.

RSG - RESOLUTE MINING - down 6.5 cents, or 5.5 per cent, to $1.12

The Queensland government has approved a permit allowing Resolute to expand its tailings storage at its Ravenswood goldmine in Queensland.

AOG - AVEO GROUP - up one cent, or 0.5 per cent, to $2.15

AVH - AVITA MEDICAL - up 3.5 cents, or 5.3 per cent, to 69 cents

Avita will replace Aveo Group in the ASX200, effective on Thursday.

Retirement community operator Aveo is being acquired by Brookfield Asset Management.

Avita Medical - which only joined the ASX300 two months ago - makes spray-on skin therapy products.

Its shares are up 751 per cent this year.

INR - IONEER - up 1.5 cents, or 6.4 per cent, to 25 cents

The lithium-boron supplier announced that independent tests have confirmed the quality of the lithium and boron from the company's Rhyolite Ridge project in southern Nevada, USA.

SGM - SIMS METAL MANAGEMENT - up 39 cents, or 4.0 per cent, to $10.10

The metal and electronics recycler said it would continue a buy-back for up to 10 per cent of its shares, aproximately 203 million.

SEA - SUNDANCE ENERGY - up 0.5 cents, or 3.6 per cent, to 14.5 cents

Shareholders in the fracking firm have approved its re-domiciliation in the United States.

Sundance's ASX shares are expected to be suspended from Thursday and its primary listing will be moved to the NASDAQ.

FMG - FORTESCUE METALS - up seven cents, or 0.7 per cent, to $9.58

Shares in the iron ore giant are up 143 per cent for the year, and at their highest level since 2008.