$1.10 price target looks good compared to the .17c share price....
"Euro Manganese Inc. (ASX | TSX-V: EMN) has made strong progress at its Chvaletice Manganese Project (CMP) in the Czech Republic in 2019, and with several near and medium-term share price catalysts on the horizon it could be a stock to snare before it takes off.
Canaccord specialty minerals and metals analyst, Larry Hill certainly believes this is the case.After running the ruler across the stock in May, Hill stuck by his price target of $1.10, implying substantial upside to the company’s recent trading range.Not only does Hill like manganese because of its exposure to the electric vehicle industry, but he’s particularly attracted to Euro Manganese because of the anticipated shift in the metals used in battery production. Hill says, “An important component of battery materials demand forecasting is cathode chemistry.“In our view, we can expect a strong shift toward higher energy density batteries for increased range, which generally involve higher nickel content and lower cobalt content but consistently high manganese content.“One can consequently expect growing manganese demand in parallel with EV penetration, particularly in high purity electronic manganese metal (HPEMM) and high purity manganese sulphate monohydrate (HPMSM).”
