ENR encounter resources limited

The chart looks like Tony Abbott's approval rating. CR seems...

  1. 2,474 Posts.
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    The chart looks like Tony Abbott's approval rating.

    CR seems unlikely given they have $2.1 in the bank and forecast spending of $0.45m in Q3.

    Price is a reaction to spot copper which is down 22% in 6 months, 15% in 2 months and 12% since 2/1/15. It's really been hit with the ugly stick after weathering pretty well.

    It's really not a problem for ENR as they don't sell any but when Dr Copper is sick, no-one wants to be in the room with him.

    Very low share price will mean a huge profit for someone when the CU price recovers and as they announce greater prospects.

    Hasn't been here since Nov 2008.
 
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(20min delay)
Last
24.5¢
Change
0.005(2.08%)
Mkt cap ! $122.2M
Open High Low Value Volume
24.0¢ 26.0¢ 24.0¢ $725.6K 2.974M

Buyers (Bids)

No. Vol. Price($)
1 65961 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
25.0¢ 6 1
View Market Depth
Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
ENR (ASX) Chart
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