Date of Data Capture:
15/09/2021
Name:
PROVINCE RESOURCES LTD (PRL)
Classification:
Hydrogen Producer
Current Price:
$0.165
Market Capitalisation:
$186 M
Forecast EBITDA Growth:
N/A (pre-cashflow)
Yield Estimate:
0%
Consensus Price Target:
N/A (not covered)
# Covering Analysts:
0
Premium/Discount at Current Price:
N/A
Price Target Trend (3-Month):
N/A
Signal Timeframe:
Quarterly-Weekly-Daily
Trend Bias:
Up-Flat / Medium-Short
Indicators:
Short-term:
Positive
Medium-term:
Positive-Neutral
Long-term:
Positive
Recommendation:
Buy
Focus:
Capital Growth
Set up Notes:
• Hydrogen could prove to be the missing link for renewable energy, and PRL is an early mover with prime hydrogen farming assets, a JV with oil giant Total Eren, and recent funding wins.
• Province is pre-cash flow as it develops the HyEnergy project with TE in the Gascoyne region WA - an early-stage investment in an emerging renewable market with huge potential.
• The chart shows the market interest here with a huge price spike at the beginning of this year, followed by a significant consolidation since, but looks to be breaking out here on momentum.
Support ($): 0.16, 0.15, 0.14, 0.13, 0.12 & 0.10.
Resistance ($): 0.17, 0.18, 0.20, 0.24 & clear.
