STTCOMP ENB, TA Long Eneabba Gas is a shell looking for a project.
MCap~$5m
Cash on hand $880k
Shares/Options 535M
Jason Peterson with holdings 9.47%.
Technical Analysis - Sideways channel on the weekly chart shows increased trading and closing near the top of the channel. Look for a breakout above 1.0 cents with a first target of 1.6 cents.
Last time this pattern was seen the stock rallied to 1.4 cents with no project, so it could do more if a deal is in the pipeline.
I bought more on Friday as I am following this shell closely and three weeks of green candles after a decline from the highs was my signal to enter.
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