29LOW

ENV

ENOVMINLTD FPO [ENV]
Enova Mining Limited engages in the exploration for rare earth elements in Australia and Brazil. It primarily focuses Coda North, Central, East, XS, XN, and South projects; Poços, Lithium Valley, and Juquiá project; and Charley Creek project. Enova Mining Limited was incorporated in 1999 and is based in Moorabbin, Australia.
Basic Materials · ASX Small Cap
$0.0040 -20.0%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical31
Catalyst50
Sentiment50
Fundamental16
Momentum42
Risk Gate27
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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • MACD momentum is losing steam
  • Stochastic is deep in oversold territory — bounce conditions forming
  • Sitting right at the lower Bollinger Band — oversold and potentially ready to snap back
  • Volume surging at 3.2x normal while price falls — heavy selling pressure
  • Took a hit — down 20.0% over the last 5 days
  • Lagging the Small Ords index — relative strength of 0.89, underperforming its peers
  • Volume-price trend says buyers are quietly accumulating — price hasn't caught up yet
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Critical cash runway (1.9 quarters)
  • Revenue in sharp decline (-56%)
  • Near 52-week low (0% of range)
  • Micro-cap ($5-20M) - high risk
  • Capital raise activity (3 events)
  • Dilution velocity warning (3 raises recently)
  • CANSLIM S: Tight float (46%)
  • Sentiment is mixed — no strong consensus either way
  • The bigger volume days are the up days — volume-weighted momentum is positive (0.33%/day)
  • Pre-revenue company — Altman Z-Score not applicable
  • Elevated dilution risk (3 recent capital raises)
  • Penny stock risk ($0.005)
  • RBA hiking (-3pts)

Risk Signals

  • Trading below both moving averages — the trend is working against this one
  • Broke below 20-day support — that's a level the market was defending, and it just gave way
  • Below the 200-day average — the long-term trend is still working against it
  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 33% over the past year
  • Revenue declining at -56% — the top line is shrinking
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Cleansing Notice
NONE Application for quotation of securities - ENV
NONE Application for quotation of securities - ENV

Recent ASX Announcements

2026-02-20 Cleansing Notice
2026-02-20 Application for quotation of securities - ENV
2026-02-20 Application for quotation of securities - ENV
2026-02-11 Proposed issue of securities - ENV
2026-02-11 Proposed issue of securities - ENV

Key Metrics

$9.7M
Market Cap
4.8M
Avg Volume
3.2x
Vol Ratio
$0.01 — $0.01
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-19.1%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 46%
LLeader vs LaggardlaggardRS: -7
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #555 of 558 · Sector avg: 46

View all Basic Materials signals →
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