Fact: Results are due out in the coming weeks. If the announcements are positive SP will rise.
It's not crazy to think the SP will retest the recent high hit less than 8 weeks ago. ENV did close to 70% increase in a single trading session, intra day it was even higher. Welcome to Junior miners...
If this was to happen tomorrow the SP would be 3.2c. If it happens in 1 - 2 weeks and ENV manages to maintain current momentum. It's coming off a base of 2.2c plus putting it at 3.7c and above in a single day. A move up to 5.6c is a park walk from there...
A $50M - $60M MC is pretty reasonable to be honest. MC being value of total shares on issue and compared against peers in the REE space.
Now think 9 - 10 weeks time with news flow, having just closed a Friday session 19% up with no announcements. All the while with RE spot prices recovering into Q2 > H2.
It's not desperation, it's reality.
Fact: Results are due out in the coming weeks. If the...
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Last
1.8¢ |
Change
-0.002(10.0%) |
Mkt cap ! $17.24M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 1.8¢ | $152.3K | 8.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2945924 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 735000 | 5 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
1.9¢ |
Change
-0.002 ( 2.63 %) |
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| Open | High | Low | Volume | ||
| 2.0¢ | 2.0¢ | 1.8¢ | 4287788 | ||
| Last updated 15.58pm 10/05/2024 ? | |||||
| ENV (ASX) Chart |