Our opinion on the current state of EUROMET(EUZ)Europa (EUZ) is a European metals developer that operates primarily in Spain, where it mines lead, zinc, and silver. The company owns 100% of the Toral project in Leon Province, which has a three-year investigation permit. In December 2018, a comprehensive scoping study was completed, and Europa is now pursuing infill drilling in high-grade areas toward a full feasibility study.
This is a mining exploration company included in the JSE's fledgling index. It recently applied to terminate its listing on the Australian Stock Exchange (ASE) and to move its listing from the JSE's main board to the Alt-X.
In its results for the year to 30th June 2024, the company reported an income of $277,000 and a loss of $632,800. The company has accumulated losses of $52.8m and cash in the bank of $252,000. Europa is a penny stock that was oscillating between 47c and 80c on thin volumes. It is highly risky because it does not yet have a productive mine.
In an update on 21st February 2025, the company said, "The Company is very aware that, since the resumption of trading on AIM, the share price has declined considerably, however the Company is not aware of any reason for this decline."
This share is volatile, unpredictable, and difficult to evaluate.