Europa metals EUZ

[Pipsmum]

I bought a few of these on a tip/punt last year when they were extreme sub penny shares. Recently they got consolidated into 5p shares instead and then the SP took off suddenly for no apparently good reason. Most of mine got sold as they slid down again and hit a profitable stop loss which I'm so glad I put there. I just kept a few for interest.

Now that covid and disaster has made people want to invest in safe havens like metals, particularly gold and silver, then maybe investments like these have a place in the folio at this strange time. The write ups all seem quite positive.

Now they have returned to a more sensible price of 14.2p, so I wonder if they are still worthy to consider for another investment.

https://www.google.com/search?client=sa ... 8&oe=UTF-8

http://www.europametals.com/site/news-a ... ouncements

http://www.europametals.com/site/PDF/fc ... asesPostGM

[GrahamPlatt]

I’ve just checked the stock report (Stockopedia - I subscribe) for EUZ. Used to be called Ferris Crescent. Short answer to your query, an emphatic no. Unless you’re a trader, or shorter. The figures (operating profit, net profit, ROA, ROCE, ROE, operating cash-flow) are a sea of red over the past five years. The only ‘saving grace’ seems to be the -45.69% net gearing.
PS, interesting link to NKLA, thanks.

[GrahamPlatt]

Ferrum Crescent that should be. Autocorrect misbehaving again.