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Enteq Technologies – argues “achieving one of the key test objectives”, but it’s otherwise test disappointment and cash crunch even more AHOY!

By Steve Moore | Friday 10 January 2025


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Enteq Technologies (NTQ) has issued a “Trading Update” including that a “demonstration test” of its SABER (Steer-At-Bit Enteq Rotary) tool “again proved the principles of operation and steering by generating 'dog-leg', building and turning the angle during drilling, thereby achieving one of the key test objectives” and that it “continues to actively engage with potential customers, driven by the market and industry demand for a low cost to operate rotary steerable system”. So what of a current share price response to 1.15p, more than 60% down?!
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