EUZ Europa Metals Just for fun, curious if it will play out.
Most probably needs to base under red resistance more before going back to ATH
1 Mil cap to 1 Bil cap
Not financial advice
EUZ trade ideas
Our opinion on the current state of EUROMET(EUZ)Europa (EUZ) is a European metals developer that operates primarily in Spain, where it mines lead, zinc, and silver. The company owns 100% of the Toral project in Leon Province, which has a three-year investigation permit. In December 2018, a comprehensive scoping study was completed, and Europa is now pursuing infill drilling in high-grade areas toward a full feasibility study.
This is a mining exploration company included in the JSE's fledgling index. It recently applied to terminate its listing on the Australian Stock Exchange (ASE) and to move its listing from the JSE's main board to the Alt-X.
In its results for the year to 30th June 2024, the company reported an income of $277,000 and a loss of $632,800. The company has accumulated losses of $52.8m and cash in the bank of $252,000. Europa is a penny stock that was oscillating between 47c and 80c on thin volumes. It is highly risky because it does not yet have a productive mine.
In an update on 21st February 2025, the company said, "The Company is very aware that, since the resumption of trading on AIM, the share price has declined considerably, however the Company is not aware of any reason for this decline."
This share is volatile, unpredictable, and difficult to evaluate.
Our opinion on the current state of EUZEuropa (EUZ) is a European metals developer primarily operating in Spain, where it focuses on mining lead, zinc, and silver. The company owns 100% of the Toral project located in Leon Province, holding a 3-year investigation permit. Following the completion of a comprehensive scoping study in December 2018, Europa has been advancing towards a full feasibility study through infill drilling in high-grade areas.
Despite being included in the JSE's fledgling index, Europa recently applied to delist from the Australian Stock Exchange (ASE) and move its listing from the JSE's main board to the Alt-X.
In its financial results for the six months ending December 31, 2023, the company reported an after-tax loss of A$248,761, an improvement from the loss of A$1.2 million in the previous period. Europa highlighted its ongoing drilling campaign focused on confirmatory and infill drilling within the project's known indicated resource area, which comprises approximately 7 million tonnes at 8.1% Zinc Equivalent, including lead credits, 5% zinc, 3.7% lead, and 29g/t silver.
Europa's stock is considered a penny stock, typically oscillating between 47c and 80c on thin volumes. As the company does not yet have a productive mine, it is considered highly risky for investors. The stock has shown significant volatility, including a strong on-balance volume (OBV) buy signal at 52c on July 17, 2020, which propelled the share price to 191c before retreating. Currently trading at 25c, the share remains volatile, unpredictable, and challenging to evaluate. Investors should exercise caution and conduct thorough research before considering an investment in Europa.
Our opinion on the current state of EUZEuropa (EUZ) is a European metals developer which operates primarily in Spain where it mines lead, zinc, and silver. They own 100% of the Toral project in Leon Province which has a 3-year investigation permit. In December 2018 a comprehensive scoping study was completed and now Europa is pursuing infill drilling in high-grade areas towards a full feasibility study. This is a mining exploration company included in the JSE's fledgling index. It recently applied to terminate its listing on the Australian Stock Exchange (ASE) and to move its listing from the JSE's main board to the Alt-X. In its results for the year to 30th June 2023 the company reported, "In carrying out its operations during the reporting period, the Group has incurred a loss after income tax for the period from 1 July 2022 to 30 June 2023 of $3,380,397 (2022: loss of $2,463,069). The Group had net assets of $558,267 (2022: $2,734,575) as set out in the Consolidated Statement of Financial Position". Europa is a penny stock which was oscillating between 47c and 80c on thin volumes. It is highly risky because it does not yet have a productive mine. On 17th July 2020 this share gave a very strong on balance volume (OBV) buy signal at 52c and the share moved up to 191c, but then fell back to 104c. This share is volatile, unpredictable, and difficult to evaluate.
keeping a watch for another opp in future - strong supportEUZ fell straight to support area this morning after failure to release economics but mcap is still quite low and further momentum could come here.
Book looks good at moment and seems to be reversing but will wait till it settles a bit.
Zinc will be a good mineral for years to come so nothing is lost in a good resource company.
why haven't derisk since breakout - 0.20p resistance Yes RSI is overbought & stochastic is overbought but feel that price action & news being so close we might have a spike to the resistance level quite possibly on the day when the scoping study RNS comes out.
We might have smaller dips but I think there is high demand in this stock, similar situation to PRD but this one has more emminent catalyst to show economics of the asset.
I have derisked a little at 0.115p before a breakout was confirmed.
Happy holding here a little longer for bigger profits now.
