Featuring shares in African Potash (AFPO), Armadale Capital (ACP), Empyrean Energy (EME), Mobile Streams (MOS), Serica Energy (SQZ) with share price targets for all these minnows.
In the wake of today’s reserves upgrade from AIM listed Empyrean Energy (EME), house broker Cenkos has increased its estimate of fair value from 25p to 31p and is thus telling clients that the shares should double from 15.5p.
Cenkos Securities, the house broker to Empyrean Energy (EME) from 20p to 25p on the back of a quarterly trading statement yesterday. With the shares at 12.25p the broker rates them as a buy.
Empyrean Energy (EME) shares have, in theory, done all that is required in the near-term to prove themselves as being one of the small cap heroes over the first half of 2014.
Given the nature of the beast, the beast referring to resources stocks in general, it usually seems to be wise to adopt a mixture of momentum trading-following moves to the upside, as well as trying out the odd toe in the water bargain-hunting opportunity. This latter is what we appear to have at Empyrean Energy.
