34LOW

ERE

EUROPE RES FPO [ERE]
European Resources Limited, together with its subsidiaries, engages in the mineral exploration business in Finland and Slovakia. It explores for gold, silver, copper, cobalt, nickel, zinc, lead, vanadium, lithium, and beryllium deposits, as well as rare earth elements. The company was formerly known as Prospech Limited and changed its name to European Resources Limited in December 2025. The company was incorporated in 2014 and is headquartered in Sydney, Australia.
Basic Materials · ASX Small Cap
$0.0180 +5.9%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical48
Catalyst52
Sentiment50
Fundamental20
Momentum66
Risk Gate35
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Active Signals

Bullish Signals

  • Drifting lower — down 5.3% over the last 5 days
  • Lagging the Small Ords index — relative strength of 0.67, underperforming its peers
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Low cash runway (3 quarters) - dilution risk
  • Pre-revenue with limited cash
  • Micro-cap ($5-20M) - high risk
  • Rights issue announced - significant dilution
  • Sentiment is mixed — no strong consensus either way
  • Positive long-term momentum — up 36% over the past year
  • The bigger volume days are the up days — volume-weighted momentum is positive (29.42%/day)
  • Pre-revenue company — Altman Z-Score not applicable
  • Penny stock risk ($0.018)
  • RBA hiking (-3pts)

Risk Signals

  • Piotroski F-Score weak (2/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Renounceable Rights Issue - Dispatch
NONE Commencement of Rights Trading
NONE Investor Webinar
LOW Update and Retraction of Information - Investor Presentation

Recent ASX Announcements

2026-03-24 Renounceable Rights Issue - Dispatch
2026-03-23 Update and Retraction of Information - Investor Presentation
2026-03-18 Commencement of Rights Trading
2026-03-18 Investor Webinar
2026-03-16 Presentation to Investors

Key Metrics

$9.4M
Market Cap
1.9M
Avg Volume
0.9x
Vol Ratio
$0.01 — $0.03
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-11.0%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 50%
LLeader vs LaggardpassRS: 4
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #539 of 558 · Sector avg: 46

View all Basic Materials signals →
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Compare:ERE vs SLSERE vs CUFERE vs ELV
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