According to the latest report from the Morgans analyst, they expect Net Profit After Tax to be in the region of $9 mill for the '16 and '17 tax years. That places EGO on a PE of 5 times earnings. Given that there are precious few profitable oil and gas stocks listed on the asx (about 6?) then it is hard to see any downside from here.
EGO Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held