ERE

EUROPE RES FPO [ERE]
European Resources Limited, together with its subsidiaries, engages in the mineral exploration business in Finland and Slovakia. It explores gold, silver, copper, cobalt, nickel, zinc, lead, vanadium, 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
$0.0160 +6.7%

Updated 23 Jul 2026 · Signals refresh every scan

⚠ Funding Risk — Cash runway under 4 quarters. Capital raise or funding may be required.
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Active Signals

Bullish Signals

  • Trading above both moving averages — the trend is your friend here
  • Knocking on the door of resistance — if it punches through, things could get interesting
  • Beating the Small Ords index — relative strength of 2.79, so it's outpacing the pack
  • Trading above the 200-day average — the long-term trend is on your side
  • Low cash runway (3 quarters) - dilution risk
  • 4C filed 2026-07-17
  • Pre-revenue with limited cash
  • Micro-cap ($5-20M) - high risk
  • Sentiment is mixed — no strong consensus either way
  • This one has been in freefall — down 65% over the past year
  • The bigger volume days are the up days — volume-weighted momentum is positive (1.35%/day)
  • Pre-revenue company — Altman Z-Score not applicable
  • Penny stock risk ($0.016)
  • RBA hiking (-3pts)

Risk Signals

  • Stochastic is stretched into overbought — could need a breather
  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
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Recent Catalysts

NONE Soil Geochemistry Detects Standout REE Zone and New Anomaly
NONE Quarterly Activities/Appendix 5B Cash Flow Report
NONE Update to ANSTO Initial Testing announcement

Recent ASX Announcements

2026-07-21 Soil Geochemistry Detects Standout REE Zone and New Anomaly PRICE SENSITIVE
2026-07-17 Quarterly Activities/Appendix 5B Cash Flow Report PRICE SENSITIVE
2026-07-10 Update to ANSTO Initial Testing announcement
2026-07-07 ANSTO Initial Testing Extracts 83% Magnet Rare Earths PRICE SENSITIVE
2026-06-30 Director Appointment/Resignation

Key Metrics

$8.4M
Market Cap
2.2M
Avg Volume
1.1x
Vol Ratio
$0.01 — $0.03
52-Week Range
N/A
Short Interest
3 qtrs
Cash Runway
-12.1%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 70%
LLeader vs LaggardpassRS: 9
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

505 tickers in this sector

View all Basic Materials signals →Browse all ASX tickers A–Z →
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